Objective of the Issue

IPO Details, Price, Market Lot

IPO Details
IPO Open Date 28 November 2022
IPO Close Date 30 November 2022
IPO Issue Size 10,596,924 Equity Shares of ₹10
Fresh Issue 9,113,924 Equity Shares of ₹10
Offer for Sale 1,483,000 Equity Shares of ₹10
Retail Portion Not less than 35%
NII Portion Not less than 15%
QIB Portion Not more than 50%
Listing At NSE, BSE
IPO Price
Face Value ₹10 Per Equity Share
IPO Price Band ₹216 to ₹237 Per Equity Share
Employee Discount
IPO Issue Type Book Built Issue



IPO Market Lot For Retail Investors
No. of Shares Per Lot 60 Equity Shares
Minimum Lot Size 1 Lot of 60 Equity Shares
Maximum Lot Size 14 Lot of 840 Equity Shares
Minimum Amount (Cut-off price) ₹14,220
Maximum Amount (Cut-off price) ₹199,080
IPO Market Lot For HNI
No. of Shares Per Lot
Minimum Lot Size
Maximum Lot Size
Minimum Amount (Cut-off price)
Maximum Amount (Cut-off price)

IPO Date, Listing Date, Allotment Date

Time Table (Tentative)
IPO Open Date 28 November 2022
IPO Close Date 30 November 2022
Basis of Allotment Date 5 December 2022
Initiation of Refunds 6 December 2022
Credit of Share to Demat Account 6 December 2022
IPO Listing Date 8 December 2022



Financial Report

As At Total Assets
(₹ in Million)
Total Revenue
(₹ in Million)
Profit After Tax
(₹ in Million)
31 July 2022 3,057.64 2,211.72 183.59
31 March 2022 2,195.45 3,962.88 286.90
31 March 2021 1,288.70 3,035.65 209.60
31 March 2020 925.83 1,991.65 107.59

Company Promotor

IPO Promotors Holding

Pre-Issue Promotor Holding
Post-Issue Promotor Holding

Company Address

IPO Registrar, Lead Manager, Prospectus

IPO Prospectus
IPO Registrar
Link Intime India Private Limited

Phone: +91 22 4918 6200

Email: dharmaj.crop@linkintime.co.in

IPO Lead Manager
  • Elara Capital (India) Private Limited
  • Monarch Networth Capital Limited



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