Accretion Pharmaceuticals Limited IPO

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Accretion Pharmaceuticals Limited IPO: Key Details, GMP, and Allotment Insights

The Accretion Pharmaceuticals IPO is a bookbuilding issue valued at ₹29.75 crores, with a fresh issue of 29.46 lakh shares.

The Accretion Pharmaceuticals IPO opened for subscription on May 14, 2025, and will close on May 16, 2025. The allotment for the IPO is expected to be finalized on Monday, May 19, 2025, and shares will list on the NSE SME platform on Wednesday, May 21, 2025.

The price band for the Accretion Pharmaceuticals IPO is set between ₹96 to ₹101 per share. The minimum lot size for an application is 1,200 shares, requiring a minimum investment of ₹1,15,200 for retail investors. To avoid oversubscription, it is recommended that investors bid at the cutoff price, which is approximately ₹1,21,200. For HNI investors, the minimum lot size is 2 lots (2,400 shares), amounting to ₹2,42,400.

Price Band and Investment Details

Price Band: ₹96 to ₹101 per share

Minimum Lot Size: 1,200 shares

Retail Investment: Starting at ₹1,21,200 (1 Lots)

HNI Investment: ₹2,42,400 (2 Lots or 2,400 shares)

Accretion Pharmaceuticals IPO Details

IPO Date	May 14, 2025 to May 16, 2025
Listing Date	May 21 2025
Face Value	₹10 per share
Issue Price Band	₹96 to ₹101 per share
Lot Size	1,200 Shares
Total Issue Size	29,46,000 shares (aggregating up to ₹29.75 Cr)
Fresh Issue	29,46,000 shares (aggregating up to ₹29.75 Cr)
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Share Holding Pre Issue	81,70,000 shares
Share Holding Post Issue	1,11,16,000 shares
Market Maker Portion	1,47,600 shares Gretex Share Broking Private Limited

Accretion Pharmaceuticals IPO Timeline

IPO Open Date	Wed, May 14, 2025
IPO Close Date	Fri, May 16, 2025
Tentative Allotment	Mon, May 19, 2025
Initiation of Refunds	Tue, May 20, 2025
Credit of Shares to Demat	Tue, May 20, 2025
Tentative Listing Date	Wed, May 21, 2025
Cut-off time for UPI mandate confirmation	5 PM on May 16, 2025

Accretion Pharmaceuticals IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹1,21,200
Retail (Max)	1	1200	₹1,21,200
HNI (Min)	2	2,400	₹2,42,400
Lot Size Calculator

Accretion Pharmaceuticals IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not more than 15.00% of the Net Issue

Accretion Pharmaceuticals Limited Financial Information

Period Ended	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	39.99	27.05	20.58	17.74
Revenue	35.75	33.94	29.53	22.58
Profit After Tax	5.24	3.88	0.10	0.08
Net Worth	13.58	5.35	3.84	3.08
Reserves and Surplus	5.41	1.35	0.00	0.00
Total Borrowing	13.79	13.48	8.47	7.61
Amount in ₹ Crore

Conclusion

Maximising Opportunities with Accretion Pharmaceuticals Limited IPO

Accretion Pharmaceuticals Limited IPO offers an exciting investment opportunity, seeking to raise ₹29.75 crore through the issuance of 29.46 lakh fresh equity shares. With a price band set between ₹96 to ₹101 per share, the IPO presents an attractive proposition for both retail investors and high-net-worth individuals (HNIs).

The IPO subscription period opened on May 14, 2025, and will close on May 16, 2025. The allotment of shares is expected to be finalized by May 19, 2025, with shares to be credited to demat accounts on May 20, 2025. The listing of shares is tentatively scheduled for May 21, 2025 on the NSE SME platform.

For retail investors, the minimum lot size is 1,200 shares, requiring an investment of ₹1,21,200. For HNIs, the minimum investment is ₹2,42,400, which corresponds to two lots (2,400 shares). This IPO offers an opportunity to participate in the pharmaceutical sector, a rapidly growing industry with significant potential.

Accretion Pharmaceuticals, established in 2012, is based in Gujarat and specializes in manufacturing a wide range of pharmaceutical products, including tablets, capsules, oral liquids, and external preparations. The company is also involved in contract manufacturing services for third-party marketers, showcasing its diverse business model.

The proceeds from the IPO will be used for capital expenditure, including the purchase of new equipment, upgrading existing manufacturing facilities, debt repayment, and working capital needs. With a solid track record and ambitious growth plans, Accretion Pharmaceuticals presents a promising investment opportunity in the Indian pharmaceutical market.

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Integrity Infrabuild Developers Limited IPO

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Integrity Infrabuild Developers Limited IPO: Key Details, GMP, and Allotment Insights

The Integrity Infrabuild Developers IPO has a fixed price of ₹12.00 crores. The issue consists entirely of a fresh issue of 12.00 lakh shares.

The Integrity Infrabuild Developers IPO opened for subscription on May 13, 2025, and will close on May 15, 2025. The allotment for the IPO is expected to be finalised on Friday, May 16, 2025. The IPO will list on NSE SME, with a tentative listing date set for Tuesday, May 20, 2025.

The IPO price is ₹100 per share. The minimum lot size for an application is 1200 shares, requiring a minimum investment of ₹1,20,000 for retail investors. For HNI investors, the minimum lot size is 2 lots (2,400 shares), amounting to ₹2,40,000.

Price Band and Investment Details

Price Band: ₹100 per share

Minimum Lot Size: 1,200 Shares

Retail Investment: Starting at ₹1,20,000 (1 Lots)

HNI Investment: ₹2,40,000 (2 Lots or 2,400 shares)

Integrity Infrabuild Developers Limited IPO

Integrity Infrabuild Developers IPO Details

IPO Date	May 13, 2025 to May 15, 2025
Listing Date	May 16, 2025
Face Value	₹10 per share
Issue Price	₹100 per share
Lot Size	1,200 Shares
Total Issue Size	12,00,000 shares (aggregating up to ₹12.00 Cr)
Fresh Issue	12,00,000 shares (aggregating up to ₹12.00 Cr)
Issue Type	Fixed Price IPO
Listing At	NSE SME
Share Holding Pre Issue	31,00,000 shares
Shareholding Pre-Issue	43,00,000 shares
Market Maker Portion	67,200 shares Aryaman Capital Markets Limited

Integrity Infrabuild Developers IPO Timeline

IPO Open Date	Tue, May 13, 2025
IPO Close Date	Thu, May 15, 2025
Tentative Allotment	Fri, May 16, 2025
Initiation of Refunds	Mon, May 19, 2025
Credit of Shares to Demat	Mon, May 19, 2025
Tentative Listing Date	Tue, May 20, 2025
Cut-off time for UPI mandate confirmation	5 PM on May 15, 2025

Integrity Infrabuild Developers IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹1,20,000
Retail (Max)	1	1200	₹1,20,000
HNI (Min)	2	2,400	₹2,40,000

Integrity Infrabuild Developers IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net Issue
Other Shares Offered	50% of the Net Issue

Integrity Infrabuild Developers Limited Financial Information

Period Ended	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	33.35	20.68	15.25	13.06
Revenue	68.97	64.63	45.23	33.48
Profit After Tax	1.94	0.95	0.29	0.30
Net Worth	4.56	3.10	1.78	2.55
Reserves and Surplus	1.46	0.00	0.00	0.00
Total Borrowing	12.86	11.17	5.22	6.51

Conclusion

Maximising Opportunities with Integrity Infrabuild Developers Limited IPO

The Integrity Infrabuild Developers Limited IPO presents a valuable opportunity for investors interested in supporting a growing company. With a fixed price of ₹100 per share and a minimum lot size of 1,200 shares, this IPO is accessible to both retail investors and high-net-worth individuals, allowing them to participate in the company’s potential growth.

The IPO will be open for subscription from May 13, 2025 to May 15, 2025, with the allotment expected to be finalized by May 16, 2025. Shares are set to list on the NSE SME platform on May 20, 2025, offering investors a chance to be part of a promising new venture in the SME sector.

Investors should evaluate the company’s growth potential and the intended use of funds, which will support capital expenditure and working capital needs, before making their investment decisions. This IPO could be a strong addition to the portfolios of those seeking to diversify their investments in the SME sector.

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Virtual Galaxy Infotech Limited IPO

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Virtual Galaxy Infotech Limited IPO: Key Details, GMP, and Allotment Insights

Virtual Galaxy Infotech IPO is a bookbuilding issue worth ₹93.29 crores, consisting entirely of a fresh issue of 65.70 lakh shares.

The IPO subscription period starts on May 9, 2025, and ends on May 14, 2025. The allotment is expected to be finalised on Thursday, May 15, 2025, with listing on NSE SME scheduled for Monday, May 19, 2025.

The price band for the IPO is set between ₹135 to ₹142 per share, with a minimum lot size of 1000 shares. For retail investors, the minimum investment required is ₹1,35,000, but it is recommended to bid at the cutoff price, which would bring the investment to approximately ₹1,42,000 to avoid oversubscription. For HNI investors, the minimum investment is for 2 lots (2,000 shares), totalling ₹2,84,000.

Price Band and Investment Details

Price Band: ₹135 and ₹142 per share

Minimum Lot Size: 1000 shares

Retail Investment: Starting at ₹1,42,000 (1 lot)

HNI Investment: ₹2,84,000 (2 Lots or 2,000 shares)

Virtual Galaxy Infotech IPO Details

IPO Date	May 9, 2025 to May 14, 2025
Listing Date	May 9, 2025
Face Value	₹10 per share
Issue Price Band	₹135 to ₹142 per share
Lot Size	1,000 Shares
Total Issue Size	65,70,000 shares (aggregating up to ₹93.29 Cr)
Fresh Issue	65,70,000 shares (aggregating up to ₹93.29 Cr)
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Shareholding Post Issue	1,82,98,635 shares
Share Holding Post Issue	2,48,68,635 shares
Market Maker Portion	3,36,000 shares Alacrity Securities Ltd.

Virtual Galaxy Infotech IPO Timeline

IPO Open Date	Fri, May 9, 2025
IPO Close Date	Wed, May 14, 2025
Tentative Allotment	Thu, May 15, 2025
Initiation of Refunds	Fri, May 16, 2025
Credit of Shares to Demat	Fri, May 16, 2025
Tentative Listing Date	Mon, May 19, 2025
Cut-off time for UPI mandate confirmation	5 PM on May 14, 2025

Virtual Galaxy Infotech IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹1,42,000
Retail (Max)	1	1000	₹1,42,000
HNI (Min)	2	2,000	₹2,84,000

Virtual Galaxy Infotech IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue

Virtual Galaxy Infotech Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	116.93	84.36	67.80
Revenue	63.58	59.76	43.44
Profit After Tax	16.54	0.72	0.40
Net Worth	41.40	20.40	20.14
Reserves and Surplus	30.40	9.40	9.14
Total Borrowing	38.64	38.85	35.56

Conclusion

Maximising Opportunities with Virtual Galaxy Infotech Limited IPO

The Virtual Galaxy Infotech IPO offers an exciting investment opportunity with a price band of ₹135–₹142 per share and a minimum lot size of 1000 shares. With a fresh issue of 65.70 lakh shares, it presents significant growth potential. Retail investors should consider bidding at the cutoff price to avoid oversubscription, while HNI investors are required to bid for 2 lots (2,000 shares). The IPO will be listed on the NSE SME platform, with a tentative listing date of May 19, 2025.

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Wagons Learning Limited IPO

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Wagons Learning Limited IPO: Key Details, GMP, and Allotment Insights

shares aggregating to ₹25.26 crores and an offer for sale of 16.00 lakh shares totaling ₹13.12 crores.

The IPO bidding window opened on May 2, 2025, and closed on May 6, 2025. The allotment is expected to be finalized on Wednesday, May 7, 2025, with the stock likely to be listed on BSE SME by Friday, May 9, 2025.

The price band is set between ₹78 to ₹82 per share, and the minimum application lot size is 1600 shares. For retail investors, the minimum investment is ₹1,24,800, but it is advised to bid at the cutoff price, pushing the investment to around ₹1,31,200 due to possible oversubscription. For HNI investors, the minimum investment is 2 lots (3,200 shares) amounting to ₹2,62,400.

Price Band and Investment Details

Price Band: ₹78 to ₹82 per share.

Minimum Lot Size: 1,600 shares

Retail Investment: Starting at ₹1,31,200 (1 lot)

HNI Investment: ₹2,62,400 (2 Lots or 3,200 shares)

Wagons Learning IPO Details

IPO Date	May 2, 2025 to May 6, 2025
Listing Date	May 9, 2025
Face Value	₹10 per share
Issue Price Band	₹78 to ₹82 per share
Lot Size	1,600 Shares
Total Issue Size	46,80,000 shares (aggregating up to ₹38.38 Cr)
Fresh Issue	30,80,000 shares (aggregating up to ₹25.26 Cr)
Offer for Sale	16,00,000 shares of ₹10 (aggregating up to ₹13.12 Cr)
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	1,25,20,000 shares
Share Holding Post Issue	1,56,00,000 shares
Market Maker Portion	2,35,200 shares Rikhav Securities Limited

Wagons Learning IPO Timeline

IPO Open Date	Fri, May 2, 2025
IPO Close Date	Tue, May 6, 2025
Tentative Allotment	Wed, May 7, 2025
Initiation of Refunds	Thu, May 8, 2025
Credit of Shares to Demat	Thu, May 8, 2025
Tentative Listing Date	Fri, May 9, 2025
Cut-off time for UPI mandate confirmation	5 PM on May 6, 2025

Wagons Learning IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹1,31,200
Retail (Max)	1	1600	₹1,31,200
HNI (Min)	2	3,200	₹2,62,400

Wagons Learning IPO Reservation

Investor Category	Shares Offered
Anchor Investor Shares Offered	-
Market Maker Shares Offered	2,35,200 (5.03%)
QIB Shares Offered	5,32,800 (11.38%)
NII (HNI) Shares Offered	16,89,600 (36.10%)
Retail Shares Offered	22,22,400 (47.49%)
Total Shares Offered	46,80,000 (100%)

Wagons Learning Limited Financial Information

Period Ended	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	33.02	21.41	8.54	6.47
Revenue	33.23	33.51	16.17	9.89
Profit After Tax	5.54	5.61	0.71	0.09
Net Worth	19.2	13.66	4.8	4.09
Reserves and Surplus	6.68	1.14	4.79	4.08
Total Borrowing	10.45	4.23	1.69	0.97

Conclusion

Maximising Opportunities with Wagons Learning Limited IPO

Wagons Learning IPO offers an exciting opportunity for investors, with a price band set between ₹78–₹82 per share. This IPO caters to both retail and HNI investments, making it accessible for various investor categories.

For retail investors, it's advisable to bid at the cutoff price of ₹1.31L to avoid any oversubscription issues. This strategy ensures a smoother allocation process and optimizes the chances of securing shares.

The listing date is set for May 9, 2025, on the BSE SME platform, offering significant growth potential for those looking to invest in a promising educational company.

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Tankup Engineers Limited IPO

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Tankup Engineers Limited IPO: Key Details, GMP, and Allotment Insights

Tankup Engineers IPO is a bookbuilding offering valued at ₹19.53 crores. This issue consists entirely of a fresh issue of 13.95 lakh shares.

The bidding period for Tankup Engineers' IPO commenced on April 23, 2025, and concluded on April 25, 2025. The allotment was finalised on Monday, April 28, 2025, and the shares were listed on NSE SME on April 30, 2025.

The price band for the Tankup Engineers IPO is set at ₹140 per share. The minimum lot size for retail investors is 1,000 shares, requiring an investment of ₹1,33,000. However, it is recommended that investors bid at the cutoff price to avoid an oversubscription scenario, which could result in an investment closer to ₹1,40,000. For HNI (High Net-Worth Individual) investors, the minimum lot size is 2 lots (2,000 shares), totalling an investment of ₹2,80,000.

Price Band and Investment Details

Price Band: ₹140 per share.

Minimum Lot Size: 1,000 shares

Retail Investment: Starting at ₹1,40,000 (1 Lots)

HNI Investment: ₹2,80,000 2 lots or 2,000 shares)

Tankup Engineers IPO Details

IPO Date	April 23, 2025 to April 25, 2025
Listing Date	April 30, 2025
Face Value	₹10 per share
Issue Price	₹140 per share
Lot Size	1,000 Shares
Total Issue Size	13,95,000 shares (aggregating up to ₹19.53 Cr)
Fresh Issue	13,95,000 shares (aggregating up to ₹19.53 Cr)
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Shareholding Pre-Issue	39,00,000 shares
Share Holding Post Issue	52,95,000 shares
Market Maker Portion	Shareholding Pre Issue

Tankup Engineers IPO Timeline

IPO Open Date	Wed, Apr 23, 2025
IPO Close Date	Fri, Apr 25, 2025
Tentative Allotment	Mon, Apr 28, 2025
Initiation of Refunds	Tue, Apr 29, 2025
Credit of Shares to Demat	Tue, Apr 29, 2025
Tentative Listing Date	Wed, Apr 30, 2025
Cut-off time for UPI mandate confirmation	5 PM on April 25, 2025

Tankup Engineers IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹1,40,000
Retail (Max)	1	1000	₹1,40,000
HNI (Min)	2	2,000	₹2,80,000

Tankup Engineers IPO Reservation

Investor Category	Shares Offered
Anchor Investor Shares Offered	3,85,000 (27.6%)
Market Maker Shares Offered	70,000 (5.02%)
QIB Shares Offered	2,58,000 (18.49%)
NII (HNI) Shares Offered	1,94,000 (13.91%)
Retail Shares Offered	4,52,000 (32.4%)
Total Shares Offered	13,95,000 (100%)

Tankup Engineers Limited Financial Information

Period Ended	30 Nov 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	17.67	10.35	8.68	2.32
Revenue	12.48	19.54	11.85	1.4
Profit After Tax	0.95	2.57	0.79	0.05
Net Worth	6.17	3.68	1.11	0.2
Reserves and Surplus	2.27	3.43	0.86	0.05
Total Borrowing	7.59	3.69	2.57	1.42

Conclusion

Maximising Opportunities with Tankup Engineers Limited IPO

Tankup Engineers Limited IPO offers an exciting investment opportunity with a price band of ₹140 per share and a total issue size of ₹19.53 crores, comprising a fresh issue of 13.95 lakh shares. The IPO was open for bidding from April 23, 2025, to April 25, 2025, with allotments finalised on April 28, 2025, and the shares listed on NSE SME on April 30, 2025. The minimum lot size for retail investors is 1,000 shares, requiring an investment of ₹1,33,000, with the recommended bid being at the cutoff price to avoid oversubscription scenarios.

For High Net-Worth Individual (HNI) investors, the minimum lot size is 2,000 shares (2 lots), totalling an investment of ₹2,80,000. This IPO presents a compelling opportunity for those looking to invest in a growing company in the engineering sector. However, due to the high demand expected, especially from retail and HNI investors, bidding at the cutoff price is encouraged to ensure a higher chance of allotment.

Overall, Tankup Engineers Limited IPO reflects a solid growth potential, backed by a well-structured price band and lot size. With a focus on maximising investor interest and ensuring smooth listing, the IPO could serve as an attractive option for both retail and HNI investors seeking exposure to the engineering and manufacturing industry. The company’s listing on NSE SME adds credibility and visibility, offering an added layer of transparency and investor confidence.

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Ather Energy Limited IPO

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Ather Energy Limited IPO: Key Details, GMP, and Allotment Insights

The Ather Energy IPO is a bookbuilding issue worth ₹2,981.06 crores. It comprises a fresh issue of 8.18 crore shares totalling ₹2,626.30 crores and an offer for sale of 1.11 crore shares amounting to ₹354.76 crores.

The IPO opened for subscription on April 28, 2025, and will close on April 30, 2025. Allotment results are expected to be finalised by May 2, 2025, with a tentative listing on BSE and NSE scheduled for May 6, 2025.

The price band for the Ather Energy IPO is set between ₹304 and ₹321 per share. The minimum lot size for retail investors is 46 shares, requiring a minimum investment of ₹13,984. However, it is recommended to bid at the cutoff price of ₹14,766 to avoid oversubscription. For sNII, the minimum investment is ₹2,06,724 for 14 lots (644 shares), and for bNII, it is ₹10,04,088 for 68 lots (3,128 shares).

Additionally, 100,000 shares are reserved for employees, offered at a ₹30 discount to the issue price.

Price Band and Investment Details

Price Band: ₹304 to ₹321 per share

Minimum Lot Size: 46 shares.

Retail Investment: Starting at ₹14,766 (1 Lots)

HNI Investment: ₹9,89,322 (67 lots or 3,082 shares)

Ather Energy IPO Details

IPO Date	April 28, 2025 to April 30, 2025
Listing Date	06 May 2025
Face Value	₹1 per share
Issue Price Band	₹304 to ₹321 per share
Lot Size	46 Shares
Total Issue Size	9,28,67,945 shares (aggregating up to ₹2,981.06 Cr)
Fresh Issue	8,18,16,199 shares (aggregating up to ₹2,626.30 Cr)
Offer for Sale	1,10,51,746 shares of ₹1 (aggregating up to ₹354.76 Cr)
Employee Discount	30.00
Issue Type	Bookbuilding IPO
Listing At	BSE, NSE
Shareholding Post Issue	29,06,43,469 shares
Shareholding Pre-Issue	Share Holding Pre-Issue

Ather Energy IPO Timeline

IPO Open Date	Mon, Apr 28, 2025
IPO Close Date	Wed, Apr 30, 2025
Tentative Allotment	Fri, May 2, 2025
Initiation of Refunds	Mon, May 5, 2025
Credit of Shares to Demat	Mon, May 5, 2025
Tentative Listing Date	Tue, May 6, 2025
Cut-off time for UPI mandate confirmation	5 PM on April 30, 2025

Ather Energy IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	46	₹14,766
Retail (Max)	13	598	₹1,91,958
S-HNI (Min)	14	644	₹2,06,724
S-HNI (Max)	67	3,082	₹9,89,322
B-HNI (Min)	68	3,128	₹10,04,088

Ather Energy IPO Reservation

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	4,17,45,576 (44.95%)	NA
QIB Shares Offered	2,78,30,383 (29.97%)	NA
NII (HNI) Shares Offered	1,39,15,192 (14.98%)
bNII > ₹10L	92,76,795 (9.99%)	14,404
sNII < ₹10L	46,38,397 (4.99%)	7,202
Retail Shares Offered	92,76,795 (9.99%)	2,01,669
Employee Shares Offered	1,00,000 (0.11%)	NA
Total Shares Offered	9,28,67,946 (100%)

Ather Energy Limited Financial Information

Period Ended	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,172	1,913.5	1,976.8	818.6
Revenue	1,617.4	1,789.1	1,801.8	413.8
Profit After Tax	-577.9	-1,059.7	-864.5	-344.1
Net Worth	108	545.9	613.7	224.9
Reserves and Surplus	104.1	545.1	613.1	224.2
Total Borrowing	521.6	314.9	485.2	298.4

Conclusion

Maximising Opportunities with Ather Energy Limited IPO

The Ather Energy Limited IPO presents a promising investment opportunity, particularly for retail investors, HNIs, and institutional investors. With a total issue size of ₹2,981.06 crores, the IPO combines a fresh issue and offer for sale, giving investors a chance to participate in the growth of a leading electric vehicle (EV) company in India.

The price band of ₹304 to ₹321 per share offers an affordable entry point, with retail investors having a minimum investment requirement of ₹13,984 for 46 shares. The HNI investors can bid for larger lot sizes, with investments starting at ₹2,06,724 for 14 lots. The IPO has also reserved 100,000 shares for employees, with a ₹30 discount to the issue price, adding incentive for the company's workforce.

As the IPO opens for subscription on April 28, 2025, and closes on April 30, 2025, investors should be prepared for high demand, given the rapid growth of Ather Energy in the EV sector. The listing date is set for May 6, 2025, and with strong interest expected from both retail and institutional buyers, this IPO could see significant oversubscription.

In conclusion, Ather Energy's IPO is an attractive proposition for investors looking to capitalise on India's burgeoning electric vehicle market. However, given the potential for oversubscription, it is advisable to bid at the cutoff price to increase the chances of allotment.

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Aten Papers & Foam Limited IPO

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Aten Papers & Foam Limited IPO: Key Details, GMP, and Allotment Insights

Aten Papers & Foam IPO is a ₹31.68 crore book-built issue, consisting of a fresh issue of 33 lakh shares.

The IPO opens for subscription on March 28, 2025, and closes on April 2, 2025. The allotment is expected to be finalized on April 3, 2025, with a tentative listing on BSE SME on April 7, 2025.

The price band is set at ₹91 to ₹96 per share. The minimum lot size is 1,200 shares, requiring a retail investment of ₹1,09,200. Investors are advised to bid at the cutoff price, which amounts to ₹1,15,200, to avoid oversubscription risks. For HNI investors, the minimum investment is 2 lots (2,400 shares), totalling ₹2,30,400.

Price Band and Investment Details

Price band: ₹91 to ₹96 per share

Minimum Lot Size: 1,200 shares

Retail Investment: Starting at ₹1,15,200 (1 Lots)

HNI Investment: ₹2,30,400 (2 lots or 2,400 shares)

Aten Papers & Foam IPO Details

IPO Date	March 28, 2025 to April 2, 2025
Listing Date	Apr 7, 2025
Face Value	₹10 per share
Issue Price Band	₹91 to ₹96 per share
Lot Size	1,200 Shares
Total Issue Size	33,00,000 shares (aggregating up to ₹31.68 Cr)
Fresh Issue	33,00,000 shares (aggregating up to ₹31.68 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE SME
Share Holding Pre Issue	70,00,000 shares
Share Holding Post Issue	1,03,00,000 shares
Market Maker Portion	Share Holding Pre-Issue

Aten Papers & Foam IPO Timeline

IPO Open Date	Fri, Mar 28, 2025
IPO Close Date	Wed, Apr 2, 2025
Tentative Allotment	Thu, Apr 3, 2025
Initiation of Refunds	Fri, Apr 4, 2025
Credit of Shares to Demat	Fri, Apr 4, 2025
Tentative Listing Date	Mon, Apr 7, 2025
Cut-off time for UPI mandate confirmation	5 PM on April 2, 2025

Aten Papers & Foam IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹1,15,200
Retail (Max)	1	1200	₹1,15,200
HNI (Min)	2	2,400	₹2,30,400

Aten Papers & Foam IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue

Aten Papers & Foam Limited Financial Information

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	37.82	32.92	29.62	27.85
Revenue	58.18	96.8	91	89.82
Profit After Tax	3.82	2.78	0.5	0.76
Net Worth	10.85	7.03	4.25	3.74
Reserves and Surplus	3.85	6.03	3.25	2.75
Total Borrowing	10.96	15.67	16.03	15.44

Conclusion

Maximizing Opportunities with Aten Papers & Foam Limited IPO

The Aten Papers & Foam Limited IPO presents an opportunity for investors to participate in a growing company within the paper and foam industry. With a total issue size of ₹31.68 crores and a price band of ₹91 to ₹96 per share, the IPO is expected to attract interest from both retail and HNI investors.

Given the listing on the BSE SME exchange and the potential for oversubscription, investors should carefully assess the company’s financials, industry outlook, and growth potential. The final allotment is set for April 3, 2025, with the expected listing date of April 7, 2025.

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Infonative Solutions Limited IPO

Disclaimer

Infonative Solutions Limited IPO: Key Details, GMP, and Allotment Insights

Infonative Solutions IPO is a ₹24.71 crore book-built issue, consisting entirely of a fresh issue of 31.28 lakh shares.

The IPO opens for subscription on March 28, 2025, and closes on April 3, 2025. The allotment is expected to be finalized on April 4, 2025, with a tentative listing on BSE SME on April 8, 2025.

The price band is set at ₹75 to ₹79 per share. The minimum lot size is 1,600 shares, requiring a retail investment of ₹1,20,000. To avoid oversubscription risks, bidding at the cutoff price of ₹1,26,400 is recommended. The HNI minimum investment is 2 lots (3,200 shares) amounting to ₹2,52,800.

Price Band and Investment Details

Price band: ₹75 to ₹79 per share.

Minimum Lot Size: 1,600 shares

Retail Investment: Starting at ₹1,26,400 (1 Lots)

HNI Investment: ₹2,52,800 (2 lots or 3,200 shares)

Infonative Solutions IPO Details

IPO Date	March 28, 2025 to April 3, 2025
Listing Date	8th Apr
Face Value	₹1 per share
Issue Price Band	₹75 to ₹79 per share
Lot Size	1,600 Shares
Total Issue Size	31,28,000 shares (aggregating up to ₹24.71 Cr)
Fresh Issue	31,28,000 shares (aggregating up to ₹24.71 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE SME
Share Holding Pre Issue	87,19,800 shares
Share Holding Post Issue	1,18,47,800 shares
Market Maker Portion	1,56,800 shares Share India Securities Limited

Infonative Solutions IPO Timeline

IPO Open Date	Fri, Mar 28, 2025
IPO Close Date	Thu, Apr 3, 2025
Tentative Allotment	Fri, Apr 4, 2025
Initiation of Refunds	Mon, Apr 7, 2025
Credit of Shares to Demat	Mon, Apr 7, 2025
Tentative Listing Date	Tue, Apr 8, 2025
Cut-off time for UPI mandate confirmation	5 PM on April 3, 2025

Infonative Solutions IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹1,26,400
Retail (Max)	1	1600	₹1,26,400
HNI (Min)	2	3,200	₹2,52,800

Infonative Solutions IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue

Infonative Solutions Limited Financial Information

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	18.2	14.37	13.53	10.54
Revenue	11.42	18.08	20.95	18.63
Profit After Tax	3.64	1.45	1.07	2.23
Net Worth	13.75	10.11	8.66	7.59
Reserves and Surplus	12.88	9.23	8.51	7.44
Total Borrowing	1.71	1.97	2.49	0.46

Conclusion

Maximizing Opportunities with Infonative Solutions Limited IPO

The Infonative Solutions Limited IPO presents an opportunity for investors to participate in a fresh issue worth ₹24.71 crores, with 31.28 lakh shares being offered. The IPO follows a book-built pricing model, with a price band set at ₹75 to ₹79 per share. Investors can subscribe between March 28, 2025, and April 3, 2025, with allotment expected on April 4, 2025, and listing on BSE SME tentatively scheduled for April 8, 2025.

With a minimum lot size of 1,600 shares, retail investors need to invest at least ₹1,20,000, while HNI investors must apply for a minimum of 2 lots (3,200 shares), requiring ₹2,52,800. Given the potential for oversubscription, investors are advised to bid at the cutoff price to maximize their chances of allotment.

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Spinaroo Commercial Limited IPO

Disclaimer

Spinaroo Commercial Limited IPO: Key Details, GMP, and Allotment Insights

Spinaroo Commercial IPO is a fixed price issue of ₹10.17 crores, consisting entirely of a fresh issue of 19.94 lakh shares.

The IPO subscription opens on March 28, 2025, and closes on April 3, 2025. The allotment is expected to be finalized on April 4, 2025, with a tentative listing date on BSE SME set for April 8, 2025.

The IPO price is ₹51 per share, with a minimum lot size of 2,000 shares. Retail investors must invest at least ₹1,02,000, while HNI investors need a minimum of 2 lots (4,000 shares) totalling ₹2,04,000.

Price Band and Investment Details

Price band: ₹51 per share

Minimum Lot Size: 2,000 shares.

Retail Investment: Starting at ₹1,02,000 (1 Lots)

HNI Investment: ₹2,04,000 (2 lots or 4,000 shares)

Spinaroo Commercial IPO Details

IPO Date	March 28, 2025 to April 3, 2025
Listing Date	Apr 8, 2025
Face Value	₹10 per share
Issue Price	₹51 per share
Lot Size	2,000 Shares
Total Issue Size	19,94,000 shares (aggregating up to ₹10.17 Cr)
Fresh Issue	19,94,000 shares (aggregating up to ₹10.17 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	BSE SME
Share Holding Pre Issue	50,00,000 shares
Share Holding Post Issue	69,94,000 shares
Market Maker Portion	March 28, 2025, to April 3, 2025

Spinaroo Commercial IPO Timeline

IPO Open Date	Fri, Mar 28, 2025
IPO Close Date	Thu, Apr 3, 2025
Tentative Allotment	Fri, Apr 4, 2025
Initiation of Refunds	Mon, Apr 7, 2025
Credit of Shares to Demat	Mon, Apr 7, 2025
Tentative Listing Date	Tue, Apr 8, 2025
Cut-off time for UPI mandate confirmation	5 PM on April 3, 2025

Spinaroo Commercial IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹1,02,000
Retail (Max)	1	2000	₹1,02,000
HNI (Min)	2	4,000	₹2,04,000

Spinaroo Commercial IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net Issue
Other Shares Offered	50% of the Net Issue

Spinaroo Commercial Limited Financial Information

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	21.94	19.05	19.48	17.82
Revenue	21.02	41.21	53.19	47.58
Profit After Tax	0.61	1.4	0.93	0.52
Net Worth	6.64	6.03	4.63	3.7
Reserves and Surplus	1.64	5.03	3.63	2.7
Total Borrowing	7.43	7.52	8.43	8.99

Conclusion

Maximizing Opportunities with Spinaroo Commercial Limited IPO

The Spinaroo Commercial Limited IPO presents an opportunity for investors to participate in a fresh issue of 19.94 lakh shares, raising ₹10.17 crores at a fixed price of ₹51 per share. With the IPO opening on March 28, 2025, and closing on April 3, 2025, the company aims to utilize the funds for business expansion, working capital, and other corporate needs. The BSE SME listing on April 8, 2025, is expected to provide greater visibility and liquidity to the stock.

For retail investors, the minimum lot size is 2,000 shares, requiring an investment of ₹1,02,000, while HNIs must apply for at least 2 lots (4,000 shares) at ₹2,04,000. The IPO’s performance will depend on market sentiment, industry growth, and investor confidence. Those considering an investment should assess the company's financials, growth potential, and market conditions before making a decision.

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Retaggio Industries Limited IPO

Disclaimer

Retaggio Industries Limited IPO: Key Details, GMP, and Allotment Insights

The Retaggio Industries IPO is a fixed-price issue worth ₹15.50 crores, consisting of a fresh issue of 61.98 lakh shares.

The Retaggio Industries IPO will open for subscription on March 27, 2025, and close on April 1, 2025. The allotment process for the IPO is expected to be completed by Wednesday, April 2, 2025. The listing of Retaggio Industries will take place on BSE SME, with the tentative listing date set for Friday, April 4, 2025.

The IPO price is set at ₹25 per share. The minimum lot size for retail investors is 6,000 shares, requiring a minimum investment of ₹1,50,000. For HNI investors, the minimum lot size is 2 lots (12,000 shares), which amounts to ₹3,00,000.

Price Band and Investment Details

Price band: ₹25 per share.

Minimum Lot Size: 6,000 shares

Retail Investment: Starting at ₹1,50,000 (1 Lots)

HNI Investment: ₹3,00,000 (2 lots or 12,000 shares)

Retaggio Industries IPO Details

IPO Date	March 27, 2025 to April 1, 2025
Listing Date	Thu, Mar 27, 2025
Face Value	₹10 per share
Issue Price	₹25 per share
Lot Size	6,000 Shares
Total Issue Size	61,98,000 shares (aggregating up to ₹15.50 Cr)
Fresh Issue	61,98,000 shares (aggregating up to ₹15.50 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	BSE SME
Share Holding Pre Issue	93,68,160 shares
Share Holding Post Issue	March 27, 2025, to April 1, 2025

Retaggio Industries IPO Timeline

IPO Open Date	Thu, Mar 27, 2025
The credit of Shares to Demat	Tue, Apr 1, 2025
Tentative Allotment	Wed, Apr 2, 2025
Initiation of Refunds	Thu, Apr 3, 2025
Credit of Shares to Demat	Thu, Apr 3, 2025
Tentative Listing Date	Fri, Apr 4, 2025
Cut-off time for UPI mandate confirmation	5 PM on April 1, 2025

Retaggio Industries IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	6000	₹1,50,000
Retail (Max)	1	6000	₹1,50,000
HNI (Min)	2	12,000	₹3,00,000

Retaggio Industries IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net Issue
Other Shares Offered	50% of the Net Issue

Retaggio Industries Limited Financial Information

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	35.99	33.46	27.37	0.05
Revenue	9.03	23.28	23.07
Profit After Tax	0.81	3.34	3.09	-0.01
Net Worth	19.39	18.58	15.27	0.04
Reserves and Surplus	10.02	9.21	5.9	-0.01
Total Borrowing	11.39	11.4	10.89

Conclusion

Maximizing Opportunities with Retaggio Industries Limited IPO

Retaggio Industries Limited has successfully launched its Initial Public Offering (IPO), aiming to raise ₹15.5 crore by offering 6,198,000 shares at a fixed price of ₹25 each. The IPO subscription period, which began on March 27, 2025, concluded on April 1, 2025.

The company plans to finalize share allotments by April 2, 2025, with refunds and share transfers to demat accounts scheduled for April 3 and April 4, respectively. Retaggio Industries' equity shares are set to list on the BSE SME platform on April 4, 2025.

Company Overview & IPO Purpose:
Retaggio Industries, based in Mumbai, specializes in high-end and heritage jewellery, focusing on the B2B sector. The funds raised from the IPO will primarily be used for debt repayment and working capital requirements.

Investor Allocation:

50% of the issue was reserved for retail investors.
The remaining 50% was allocated to non-retail investors.

Investors who applied can check their allotment status through their brokerage platforms. The IPO marks an important step for Retaggio Industries Limited, positioning it for future growth in the luxury jewellery market.

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