This initial public offer comprises of upto 22,60,000 equity shares of face value of Rs. 5/- each for cash at a price of Rs. 59-62 per equity share including a share premium of Rs. 54-57 per equity share (the "Issue Price") aggregating upto Rs. 13.33-14.01 Crores (the "Issue") by the company. The issue comprises a reservation of upto 1,14,000 equity shares of face value of Rs. 5/- each for subscription by the market maker at a price of Rs. 59-62 per equity share including a share premium of Rs. 54-57 per equity share aggregating to Rs. 0.67-0.71 Crores ("the Market Maker Reservation Portion"). The issue comprises a net issue to the public of up to 21,46,000 equity shares of face value of Rs. 5/- each at a price of Rs. 59-62 per equity share including a share premium of Rs. 54-57 per equity share aggregating to Rs. 12.66-13.31 Crores (the "Net Issue"). The issue and the net issue will constitute 30.00% and 28.49% respectively of the post issue paid up equity share capital of the company.
Price Band: Rs. 59 to Rs. 62 per equity share of face value Rs. 5/- each.
The floor price is 11.80 times the face value of the equity shares and the cap price is 12.4 times the face value of the equity shares.
Bids can made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.
IPO Details
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
28-Sep-2026
30-Sep-2026
₹ 59.00
₹ 0.00
Minimum Application for shares in Nos
Minimum Application for shares in Nos : 4000.0 Further Multiples of : 2000.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
0.00
Shannon Advisors Private Limited
Project Financed through Current Offer
13.33
Post Issue Equity Share Capital
3.77
Issue Price
₹59.00
Projects
Projects
Funding the working capital requirements of the Company
Repayment/prepayment, in full or part, of certain loans availed by the Company