Overview

• The ₹60.98 crore SME IPO comprises a fresh issue of 63.52 lakh shares priced between ₹90 and ₹96 with a 1,200-share lot size.
• The issue attracted bids for 12.10 times the offer as of July 15, led by retail subscribers at 19.50× and non-institutional investors at 10.99×, with zero QIB participation.
• Unofficial grey market trades show a ₹42 premium, pointing to a potential 43.75 percent gain on a debut listing.
• Share allotment is scheduled for July 17 and listing on the NSE Emerge platform is set for July 21.
• Net proceeds will support working capital and debt reduction after the company posted 47 percent revenue growth and a 98 percent rise in profit in FY 2024–25.