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Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 16 Oct 2025 | ₹120 | +24.74% | ₹2,700 | ₹605 | ₹3,600 |
| 15 Oct 2025 | ₹151 | +31.13% | ₹3,400 | ₹636 | ₹4,530 |
| 14 Oct 2025 | ₹128 | +26.39% | ₹2,900 | ₹613 | ₹3,840 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 09 Oct 2025 – 13 Oct 2025
- Listing date
- 16 Oct 2025
- Face value
- ₹1 per share
- Issue price
- ₹485 per share
- Lot size
- 30 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹1,378 Cr
- Market cap at offer price
- ₹7,990 Cr
- Promoter holding
- 75.71% → 59.78% pre-issue → post-issue
- ISIN
- INE506V01022
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Axis Capital Ltd.
- Registered office
- MedOne House, B-75, Road No.33, Wagle Estate, Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 1,27,64,691 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 30 shares per lot, in multiples, at ₹485
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 30 | ₹14,550 |
| Retail (max) | 13 | 390 | ₹1,89,150 |
| S-HNI (min) | 14 | 420 | ₹2,03,700 |
| S-HNI (max) | 68 | 2,040 | ₹9,89,400 |
| B-HNI (min) | 69 | 2,070 | ₹10,03,950 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹485 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 8.70 | 10.51 |
| P/E (×) | 55.75 | 46.15 |
| Price to book (×) | 13.65 | — |
| Market cap | — | ₹7,990 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 29.02%
- ROCE
- 26.45%
- Debt / equity
- 0.73
- PAT margin
- 10.37%
- EBITDA margin
- 20.67%
- NAV per share
- ₹35.53
- Price to book
- 13.65
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.