IPO Details
SMEListed
Open:Fri, 17 Apr 2026
Close:Tue, 21 Apr 2026
Lot Size:1200 Shares
Price Band:₹ 96 - ₹ 98
Listing:BSE
Fresh Issue:27.73 Cr
OFS:-
Total IPO Size:27.73 Cr
QIB : 50%
Retail : 35%
Total HNI : 15%
IPO Timeline
| Event | Date |
|---|---|
| Open Date | 17-04-2026 , Friday |
| Close Date | 21-04-2026 , Tuesday |
| Tentative Allotment | 22-04-2026 , Wednesday |
| Tentative Listing Date | 24-04-2026 , Friday |
| Retail Appl. Cut Off Time | 21-04-2026 , Tuesday 05:00 PM |
| Non Retail Appl. Cut Off Time | 21-04-2026 , Tuesday 04:00 PM |
| Anchor Allotment | 16-04-2026 , Thursday |
| Initiation Of Refund | 23-04-2026 , Thursday |
| Credit Of Share To Demat | 23-04-2026 , Thursday |
IPO Structure
| Category | Percentage | No. of Shares Offered | Amount |
|---|---|---|---|
QIB | 50.00 % | 13,40,400 | 13.14 Cr |
Retail | 35.00 % | 9,42,000 | 9.23 Cr |
Total HNI | 15.00 % | 4,03,200 | 3.95 Cr |
SHNI | 5.00 % | 1,34,400 | 1.32 Cr |
BHNI | 10.00 % | 2,68,800 | 2.63 Cr |
Lot Size Details
| Application | Discount | Qty (Lot) | Total |
|---|---|---|---|
Retail MIN | - | 1200 (1) | ₹ 1,17,600 |
Retail MAX | - | 1200 (1) | ₹ 1,17,600 |
SHNI MIN | - | 2400 (2) | ₹ 2,35,200 |
SHNI MAX | - | 4800 (4) | ₹ 4,70,400 |
BHNI MIN | - | 6000 (5) | ₹ 5,88,000 |
Objectives
| Objective | No Of Shares | Amount |
|---|---|---|
Fresh Issue | 28,29,600 | 27.73 Cr |
Contact Details
IPO Contact Details
Registered Office
West Gate Shop 223, 150 Ft Ring Road,
Rajkot Raiya Road, Rajkot, Gujarat - 360007 India
Corporate Office
West Gate Shop 223, 150 Ft Ring Road,
Rajkot Raiya Road, Rajkot, Gujarat - 360007 India
Contact Person
Richie Dhrumil Vandra - Company Secretary and Compliance Officer
Telephone
Website
Registrar to Issue Details
Registrar Name
KFin Technologies Limited
Contact Person
M Murali Krishna
Telephone
Website
Lead Managers
| Name | Contact Person | Telephone | Website | |
|---|---|---|---|---|
Cumulative Capital Private Limited | Swapnilsagar Vithalani/ Jigar Bhanushali | +91 9819 662 664/ +91 820 005 2280 | contact@cumulativecapital.group | www.cumulativecapital.group |