How it has done since the IPO
Closing prices since listing: 21 Oct ₹12.40, 22 Oct ₹12.65, 23 Oct ₹12.05, 26 Oct ₹12.65, 27 Oct ₹13.25, 28 Oct ₹13.20, 29 Oct ₹13.25, 3 Nov ₹12.60, 5 Nov ₹13.00, 6 Nov ₹13.00.
| Listing day | 14 Jan 2026 |
| Open / high / low / close | ₹34.45 / ₹34.45 / ₹32.75 / ₹32.75 |
| Shares traded on NSE | 57,000 |
| Market value at the listing-day close | ₹79 cr |
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The IPO's journey
Anchor6 Jan
Opens7 Jan
Closes9 Jan
Allotment12 Jan
In demat13 Jan
Listing14 Jan
Subscription
Shares offered and bid, by group
| Investor category | Shares bid for |
|---|
| Institutions (QIB) | 25,59,000 |
| HNI / NII | 15,33,000 |
| Total | 40,92,000 |
NSE does not publish the shares offered to each category for this issue, so times subscribed cannot be shown. NSE and BSE bids together, as of 9 Jan 2026 19:00.
Who the issue was for
Bids by price
Top price ₹41 100.00%
Applications from individual investors
674 applications in the individual investors' category (bidding for the minimum 2 lots).
NSE does not publish the shares set aside for this category for SME issues, so the chance of allotment cannot be worked out exactly. Winners are picked by lottery.
Lot size by investor type
| Application | Lots | Shares | Amount |
|---|
| Individual investor (minimum) | 2 | 6,000 | ₹2,46,000 |
| HNI (minimum) | 3 | 9,000 | ₹3,69,000 |
At ₹41 a share. In SME IPOs individuals must bid for at least 2 lots.
Financials and valuation
| At issue price | Now |
|---|
| Market value | ₹99 cr | ₹31 cr |
| P/E (last 12 months' profit) | – | – |
| Revenue, last 12 months | – |
| Profit, last 12 months | – |
| Return on equity | – |
| Debt to equity | 0.00 |
From results the company filed with NSE (latest period to 31 Mar 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.
Other recent IPOs: 2/3 Wheelers