Overview
- Anchor book opens on Sept. 22, the public offer runs Sept. 23–25, allotment is slated for Sept. 26, with listing expected on the BSE and NSE on Sept. 30.
- Proceeds include about Rs 550 crore earmarked for long-term working capital, with the balance for general corporate purposes, per the RHP and management.
- The issue allocates 50% to QIBs, 15% to NIIs and 35% to retail, with an employee reservation (~Rs 10 crore) and a Rs 25-per-share employee discount.
- Minimum application is one lot of 36 shares, with Nuvama Wealth Management, DAM Capital Advisors and Anand Rathi Advisors as bookrunners and MUFG Intime India as registrar.
- FY25 revenue rose 24% to Rs 845.7 crore and profit climbed 34% to Rs 103.6 crore as the firm operated 90 branches and 1,125 authorised persons across India.