IPO Details


MainboardListed
Open:Fri, 21 Nov 2025
Close:Tue, 25 Nov 2025
Lot Size:25 Shares
Price Band:₹ 563 - ₹ 593
Listing:NSE, BSE
Fresh Issue:95.00 Cr
OFS:800.00 Cr
Total IPO Size:895.00 Cr
QIB : 50%
Retail : 35%
Total HNI : 15%
IPO Timeline
| Event | Date |
|---|---|
| Open Date | 21-11-2025 , Friday |
| Close Date | 25-11-2025 , Tuesday |
| Tentative Allotment | 26-11-2025 , Wednesday |
| Tentative Listing Date | 28-11-2025 , Friday |
| Retail Appl. Cut Off Time | 25-11-2025 , Tuesday 05:00 PM |
| Non Retail Appl. Cut Off Time | 25-11-2025 , Tuesday 04:00 PM |
| Anchor Allotment | 20-11-2025 , Thursday |
| Initiation Of Refund | 27-11-2025 , Thursday |
| Credit Of Share To Demat | 27-11-2025 , Thursday |
Subscription Data
IPO Structure
| Category | Percentage | No. of Shares Offered | Amount |
|---|---|---|---|
QIB | 50.00 % | 75,46,373 | 447.50 Cr |
Retail | 35.00 % | 52,82,463 | 313.25 Cr |
Total HNI | 15.00 % | 22,63,913 | 134.25 Cr |
SHNI | 5.00 % | 7,54,638 | 44.75 Cr |
BHNI | 10.00 % | 15,09,275 | 89.50 Cr |
Lot Size Details
| Application | Discount | Qty (Lot) | Total |
|---|---|---|---|
Retail MIN | - | 25 (1) | ₹ 14,825 |
Retail MAX | - | 325 (13) | ₹ 1,92,725 |
SHNI MIN | - | 350 (14) | ₹ 2,07,550 |
SHNI MAX | - | 1675 (67) | ₹ 9,93,275 |
BHNI MIN | - | 1700 (68) | ₹ 10,08,100 |
Objectives
| Objective | No Of Shares | Amount |
|---|---|---|
Fresh Issue | - | 95.00 Cr |
Offer for Sale | 1,34,90,726 | 800.00 Cr |
Contact Details
IPO Contact Details
Registered Office
129/1/A, GIDC Estate, Nandesari,
Vadodara – 391340, Gujarat, India
Corporate Office
601, 602, 6th Floor, Sears Towers - 2, Gotri - Sevasi Road,
Sevasi, Vadodara – 391101, Gujarat, India
Contact Person
Dimple Ashwinbhai Mehta - Company Secretary and Compliance Officer
Telephone
Website
Registrar to Issue Details
Registrar Name
MUFG Intime India Private Limited
Contact Person
Shanti Gopalkrishnan
Telephone
Website
Lead Managers
| Name | Contact Person | Telephone | Website | |
|---|---|---|---|---|
ICICI Securities Limited | Namrata Ravasia / Aboli Pitre | +91 22 6807 7100 | sudeep.ipo@icicisecurities.com | www.icicisecurities.com |
IIFL Capital Services Limited | Pawan Jain / Nikita Tayal | +91 22 4646 4728 | sudeep.ipo@iiflcap.com | www.iiflcapital.com |