Overview
- Official data show overall subscription at 988.29 times, including NIIs at 1,612.65x, retail at 1,137.92x and QIBs at 256.24x.
- Allotment is scheduled to be finalised on Dec. 26, followed by demat credits and refunds on Dec. 29 and a planned listing on Dec. 30 on the NSE SME platform.
- The grey-market premium hovered around Rs 70–72 on Dec. 26, implying roughly 100% listing gains, though such indications are unofficial and subject to change.
- The offer was a fresh, book-built issue of 55 lakh shares at Rs 65–70 per share to raise about Rs 38.49 crore, with Holani Consultants as lead manager and Bigshare Services as registrar.
- Proceeds are earmarked for working capital, partial loan repayment, brand and marketing, capex and a rooftop solar plant, as the IPO ranks among the most subscribed SME issues of 2025.