Overview

• The Rs 61.62 crore IPO attracted 3.72 times overall demand on day one, with retail investors subscribing 5.22 times.
• The price band is set at Rs 96–102 per share, requiring a minimum investment of Rs 1.22 lakh for a 1,200‐share lot.
• Non‐institutional investors bid 3.89 times their allocation while qualified institutional buyers covered 96 percent of their quota.
• Grey market premiums of Rs 30 point to a potential listing price of Rs 132 per share, implying gains of about 29.4 percent.
• Proceeds will fund a new manufacturing facility and general corporate purposes after the company reported a 49.8 percent jump in FY25 profit to Rs 15.98 crore.