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Indian Market latest IPO Calendar 2025 – Latest Grey Market Premium Today latest IPO’s

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Get details of upcoming IPO’s with their Price, IPO size & Grey Market premium. PFB the list of IPO’s.

IPO Calendar 2025: GMP of upcoming IPO (Grey Market Premium)

Company NameCategory (Mainboard/SME)Price Range( in ₹)IPO Size (in ₹ Cr.)IPO Grey Market PremiumIPO Opening DateIPO Closing DateIPO Listing DateLead Manager
Tata CapitalMainboard₹ 310 ₹ 326₹15,512₹ 206-Oct-20258-Oct-202513-Oct-2025Kotak Mahindra Capital Company Ltd, Axis Capital Ltd
Advance Agrolife LimitedMainboard₹ 95 to ₹ 100₹ 192.9 Cr₹ 1530-Sep-20253-Oct-20258-Oct-2025Choice Capital Advisors Pvt Ltd
Glottis LimitedMainboard₹ 120 to ₹ 129₹ 360 Cr₹ 1529-Sep-20251-Oct-20257-Oct-2025Pantomath Capital Advisors Pvt Ltd
Fabtech Technologies LimitedMainboard₹ 181 to ₹ 191₹ 230.3 Cr₹ 3529-Sep-20251-Oct-20257-Oct-2025Unistone Capital Pvt Ltd
Om Freight Forwarders LimitedMainboard₹ 128 to ₹ 135₹ 819.15 Cr₹ 1129-Sep-20253-Oct-20258-Oct-2025Smart Horizon Capital Advisors Pvt Ltd
Greenleaf Envirotech LimitedSME₹ 136₹ 21.9 Cr–30-Sep-20256-Oct-20259-Oct-2025Smart Horizon Capital Advisors Pvt. Ltd.
Sheel Biotech LimitedSME₹ 59 to ₹ 63₹ 34.02 Cr–30-Sep-20253-Oct-20258-Oct-2025Narnolia Financial Services Ltd.
Munish Forge LimitedSME₹ 91 to ₹ 96₹ 73.92 Cr–30-Sep-20253-Oct-20258-Oct-2025Gretex Corporate Services Ltd.
B.A.G. Convergence LimitedSME₹ 82 to ₹ 87₹ 48.72 Cr–30-Sep-20253-Oct-20258-Oct-2025Inventure Merchant Banker Services Pvt. Ltd.
Suba Hotels LimitedSME₹ 105 to ₹ 111₹ 75.47 Cr₹ 0729-Sep-20251-Oct-20258-Oct-2025Unistone Capital Pvt. Ltd.
Vijaypd Ceutical LimitedSME₹ 35₹ 19.25 Cr–29-Sep-20251-Oct-20257-Oct-2025Smart Horizon Capital Advisors Pvt. Ltd.
Pace Digitek LimitedMainboard₹ 208 to ₹ 219₹ 819.15 Cr₹ 1826-Sep-202530-Sep-20253-Oct-2025
Jinkushal Industries LimitedMainboard₹ 115 to ₹ 121₹ 116.1 Cr₹ 2125-Sep-202529-Sep-20253-Oct-2025GYR Capital Advisors
TruAlt Bioenergy LimitedMainboard₹ 472 to ₹ 496₹ 839.2 Cr₹ 8025-Sep-202529-Sep-20253-Oct-2025
Manas Polymers and Energies LimitedSME₹ 76 to ₹ 81₹ 23.52 Cr–26-Sep-202530-Sep-20256-Oct-2025
Epack Prefab Technologies LimitedMainboard₹ 192 – ₹ 204₹ 504 Cr.₹ 1424-Sep-202526-Sep-20251-Oct-2025Monarch Networth Capital Ltd.; Motilal Oswal Investment Advisors Ltd.
Jain Resource Recycling LimitedMainboard₹ 220 – ₹ 232₹ 1250 Cr.₹ 2224-Sep-202526-Sep-20251-Oct-2025DAM Capital Advisors; ICICI Securities; Motilal Oswal Investment Advisors; PL Capital Markets
BMW Ventures LimitedMainboard₹ 94 – ₹ 99₹ 231.6 Cr.–24-Sep-202526-Sep-20251-Oct-2025Sarthi Capital Advisors Pvt. Ltd.
Anand Rathi Share and Stock Brokers LimitedMainboard₹ 393 – ₹ 413₹ 745 Cr.₹ 3123-Sep-202525-Sep-202530-Sep-2025Nuvama Wealth Management Ltd.; DAM Capital Advisors Ltd.; Anand Rathi Advisors Ltd
Solarworld Energy Solutions LimitedMainboard₹ 333 – ₹ 351₹ 490 Cr.₹ 6623-Sep-202525-Sep-202530-Sep-2025Nuvama Wealth Management; SBI Capital Markets
Jaro Institute of Technology Management and Research LimitedMainboard₹ 846 – ₹ 890₹ 450 Cr.₹ 13123-Sep-202525-Sep-202530-Sep-2025Nuvama Wealth Management; Motilal Oswal Investment Advisors; Systematix Corporate Services
Seshaasai Technologies LimitedMainboard₹ 402 – ₹ 423₹ 813 Cr.₹ 7523-Sep-202525-Sep-202530-Sep-2025IIFL Capital Services Ltd
Gurunanak Agriculture India LimitedSME₹ 75₹ 28.8 Cr.₹ 124-Sep-202526-Sep-20251-Oct-2025Finshore Management Services Ltd
Ecoline Exim LimitedSME₹ 134 – ₹ 141₹ 76.42 Cr.₹ 523-Sep-202525-Sep-202530-Sep-2025Hem Securities Limited
Matrix Geo Solutions LimitedSME₹ 98 – ₹ 104₹ 40.2 Cr.₹ 1323-Sep-202525-Sep-202530-Sep-2025Narnolia Financial Services Ltd
Atlanta Electricals LimitedMainboard₹ 718 – ₹ 754₹ 687.34 Cr.₹ 9522-Sep-202524-Sep-202529-Sep-2025Motilal Oswal Investment Advisors Ltd
Ganesh Consumer Products LimitedMainboard₹ 306 – ₹ 322₹ 408.8 Cr.₹ 1022-Sep-202524-Sep-202529-Sep-2025DAM Capital Advisors Ltd
Saatvik Green Energy LimitedMainboard₹ 442 – ₹ 465₹ 900 Cr.₹ 1919-Sep-202523-Sep-202529-Sep-2025DAM Capital Advisors; Ambit; Motilal Oswal Investment Advisors
GK Energy LimitedMainboard₹ 153₹ 464.26 Cr.₹ 2019-Sep-202523-Sep-202529-Sep-2025HDFC Bank Ltd.; IIFL Securities Ltd
Ivalue Infosolutions LimitedMainboard₹ 284 – ₹ 299₹ 560.29 Cr.₹ 418-Sep-202522-Sep-202529-Sep-2025IIFL Capital Services; Motilal Oswal Investment Advisors
Prime Cable Industries LimitedSME₹ 78 – ₹ 83₹ 40.01 Cr.–22-Sep-202524-Sep-202529-Sep-2025Indorient Financial Services Ltd
Siddhi Cotspin LimitedSME₹ 108 Cr.₹ 69.85 Cr.–19-Sep-202523-Sep-202529-Sep-2025IIFL Capital Services Ltd

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Boat IPO: GMP today, Price, Review, Detail

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Boat IPO

The issue size of the Boat IPO is ₹2,000 crore with fresh issue of ~₹ 900 crore & Offer For Sale of ~₹ 1,100 crore.

Boat is India’s digital-first brand in terms of revenue. Its is an electronics and lifestyle brand and has quickly become one of leading brand in audio wearables and smart accessories. It is positioned well in Indian market and among youth it is famous as a stylish yet affordable brand.

Subscription date to apply for Boat is not yet disclosed, but it is expected to be open for subscription by mid Oct’25. The price range is also not disclosed yet. Exact dates might change.

Early Stage Funding status of Boat ( Founder details)

boAt has raised a total of $176.23 million across 8 funding rounds since 2016.

Managing Director – Mr. Vivek Gambhir

Aman Gupta – Co-founder & Chief Marketing Officer.

Sameer Mehta – Co-founder & Chief Product Officer

Revenue , PAT, EBITDA for Boat IPO

Year2024
Networth₹ 519
Revenue:₹ 3,117
EBITDA₹ 107
PAT-₹ 79
EBITDA Margin:3.4%
PAT Margin-2.6%

Boat Financials (Consolidated Figures)

Year (Approx Values)Revenue (₹ Cr)Profit (₹ Cr)Assets (₹ Cr)Net Worth (₹ Cr)
2022₹ 2,886₹ 68₹ 2,873₹ 728
2023₹ 3,285₹ -129₹ 2,152₹ 598
2024₹ 3,122₹ -79₹ 1,705₹ 519

Core Offerings & Store/Plant location

Boat dominates the market with its variety of products like wired earphones, headphones, bluetooth speakers, wired headphone, wireless headphones, home theatre systems. Boat also dominates the smartwatch market in India. It also manufactures  gaming specific accessories like mouse, keyboards, and wired & wireless gaming headphones.

Boat has its widespread network spread across India at 1000+ locations. Boat services its customers mostly via online mode and is widely and popularly available on all online shopping platforms with its own delivery on its platform.

Boat IPO Strengths & Risks

Strengths:

> One of India’s largest player in the category with strong position hold across multiple product categories
> Online presence across India, with a strong brand image “Boat”, and focusing on young customers
> Strong product hold on multiple SKU’s brand like Rockers, Airdopes, Stone
> Smart make in India move by partnership with Dixon technologies for manufacturing.

Risks:

> Operates in a very competitive industry with big and established players in the market
> Highly dependent on two major product in audio & wearable category.
> Dropping assets value for past three years
> Decline in networth value
> Newly established manufacturing set up might require more capital with time (depending upon expansion),any fluctuation in demand might impact adversely.

Boat IPO: date & invest detail

IPO Open Date:Oct-25
IPO Close Date:–
Anchor Investor Bidding–
IPO Allotment Date:–
Refunds & Demat Credit–
Tentative Listing Date:–
IPO CategoryENTERPRISE
Symbol–
Face Value:Rs.10 per Equity Share
Issue Size:~ ₹ 2,000 Cr
Lot Size:–

Boat IPO Composition & Proceeds

Fresh Issue~₹ 900 crore
Offer for Sale~₹ 1,100 crore
Employee reservation–
Price Range–
Use of Proceeds:–
Infrastructure–
Office lease Payments–
Marketing–
Debt repayment + general corporate purposes~₹ 900 Cr
IPO Listing on:NSE & BSE
Retail Quota:≥ 35%
QIB Quota:≤ 50%
NII Quota:≥ 15%

Boat IPO Lot Size details

Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)–1––
Retail (Max)–13––
Small HNI (Min)–14––
Small HNI (Max)–66––
Big HNI (Min)–67––

Boat IPO Grey market premium today

DateIPO PriceIPO GMPGMP TrendEstimated listingEstimated profit per lot
––––––
––––––
––––––

Boat IPO Promoters – Pre offer equity (Approx)

Aman Gupta + Sameer Mehta53-56%
South Lake Investment (Warburg Pincus affiliate)~36%
Qualcomm Venturesminority stake
Malabar Investment Advisorsminority stake

To visit official website of Boat click here

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Urban Company IPO: GMP today, Price, Review, Detail

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Urban Company

The grey market premium for Urban Company IPO is ~₹ 60, with estimated listing gain of 55-60%. The issue size of the IPO is ₹1,900 crore with fresh issue of ~₹ 472 crore & OFS for ~₹ 1,428 crore.

Subscription to apply for Urban Company opens on 10th Sep’25 & closes on 12th Sep’25. And the price range is between ₹98-103. While the total number of shares in fresh issue is ~4.58 Crore and that for OFS will be ~13.86 Cr shares.

Urban Company is Asia’s largest tech-enabled home services marketplace. It connects customers with verified service professionals through its app and website. It basically provides two types of services mainly: Beauty & Wellness and Home Repairs & Maintenance.

Revenue , PAT, EBITDA of Urban Company

Year2024
Networth₹ 1,781
Revenue:₹ 1,144
EBITDA₹ 75
PAT₹ 240
EBITDA Margin:~6.7%
PAT Margin~21%

Urban Company Financials (Consolidated Figures)

Year (Approx Values)Revenue (₹ Cr)Profit (₹ Cr)Assets (₹ Cr)Net Worth (₹ Cr)
2023₹ 637₹ -312₹ 1,631₹ 1,339
2024₹ 828₹ -93₹ 1,639₹ 1,292
2025₹ 1,144₹ 240₹ 2,201₹ 1,781

Urban Company Grey market premium today

DateIPO PriceIPO GMPGMP TrendEstimated listingEstimated profit per lot
14-Sep₹ 103₹ 60+Positive₹ 163₹ 8,700
13-Sep₹ 103₹ 44+Positive₹ 147₹ 6,380
12-Sep₹ 103₹ 40+Positive₹ 143₹ 5,800
11-Sep₹ 103₹ 36+Positive₹ 139₹ 5,220
10-Sep₹ 103₹ 36+Positive₹ 139₹ 5,220
09-Sep₹ 103₹ 30+Positive₹ 133₹ 4,350
08-Sep₹ 103₹ 24+Positive₹ 127₹ 3,480
07-Sep₹ 103₹ 20+Positive₹ 123₹ 2,900

Early Stage Funding status of Urban Company

Urban Company has raised a total of $453.52 million across 11 funding rounds since 2014. Its latest funding was raised on 02 June 2021. The table above outlines the details of all Urban Company funding rounds.

Urban Company IPO Strengths & Risks

Strengths:

> Strong growth trajectory.
> Asset light & tech driven company.
> Global presence in countries like UAE, Singapore, & Saudi Arabia.
> Diverse portfolio in the type of industry where recurring demand is there.
> Leader in its category of beauty, cleaning & repairs  (no close competitor as of today).

Risks:

> Sustainability of profitability, very short history of profitability.
> Competition from local unorganized sector.
> Regulatory Risks: Gig-worker models often face scrutiny over labor rights, pricing, and policies.
> Relies heavily on skilled partner supply and customer retention.

Core Offerings & Store/Plant location

Under Beauty & Wellness Urban Company offers services like Salon at home (haircuts, facials, manicures, pedicures), Spa therapies , Laser hair reduction , Makeup & grooming services.
And under Home Repairs & Maintenance it offers AC, washing machine, fridge & appliance repair , Plumbing, electrical & carpentry work , Deep cleaning & pest control , Painting services

Urban Company has headquarter in Gurgaon, Haryana and has network in 59 cities spread across PAN India. Urban Company divides city into multiple micro-markets ( typical radius of ~3-5 km) and claims to have 12,000+ service micro-markets across India.

Urban Company: IPO date & invest detail

IPO Open Date:10 September 2025
IPO Close Date:12 September 2025
Anchor Investor Bidding09 September 2025
IPO Allotment Date:15 September 2025
Refunds & Demat Credit16 September 2025
Tentative Listing Date:17 September 2025
IPO CategoryENTERPRISE
SymbolURBANCO
Face Value:Rs.10 per Equity Share
Issue Size:~ ₹ 1,900 Cr
Lot Size:145

Urban Company Composition & Proceeds

Fresh Issue:~₹ 472 crore
Offer for Sale:~₹ 1,428 crore
Employee reservation2,65,957 Shares (discount ₹ 9 per share)
Price Range₹ 98-103
Infrastructure₹ 190 Cr
Office lease Payments₹ 70 Cr
Marketing₹ 80 Cr
General corporate purpose~₹ 89 Cr
IPO Listing on:NSE & BSE
Retail Quota:≥ 35%
QIB Quota:≤ 50%
NII Quota:≥ 15%

Urban Company Lot Size details

Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)145114514,935
Retail (Max)145131,8851,94,155
Small HNI (Min)145142,0302,09,090
Small HNI (Max)145669,5709,85,710
Big HNI (Min)145679,71510,00,645

Promoters – Pre offer equity (Approx)

Abhiraj Singh Bhal6.65%
Varun Khaitan6.65%
Raghav Chandra6.65%

To visit official website of urban company click here

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Amanta Healthcare Limited IPO: GMP, Price, Review, Detail

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Amanta Healthcare

Amanta Healthcare Limited is a pharmaceutical company focused on making sterile injectable fluid products (parenterals – given directly in vein, muscles or body cavity) and medical devices.
The issue Size of the IPO is ~₹126 crore, and all of it being as Offer for sale.

Amanta Healthcare Limited is open for subscription from 01st Sep’25 and closes on 03rd Sep’25.
The price band is ₹ 120 to ₹ 126/share with the lot size of 119 shares, aggregating to minimum investment for retail investors to ₹ 14994 considering the upper band.

Year – 2025
Networth96.38 Cr
Revenue:274.7 Cr
EBITDA40.91 Cr
PAT10.5 Cr
EBITDA Margin:14.89%
PAT Margin3.82%

Amanta Healthcare Limited Financials (Consolidated Figures)

Year (Approx Values)Revenue (₹ Cr)Profit (₹ Cr)Assets (₹ Cr)Borrowings (₹ Cr)Net Worth (₹ Cr)
2023262.7-2.11374215.662.8
2024280.33.63352205.266.2
2025274.710.538119596.3

Core Offerings & Store/Plant location

Amanta Healthcare is focused on sterile pharmaceutical products and medical devices, mainly:
i) Parenteral Products like Injectables / IV Fluids  , glucose, sodium chloride, ringer lactate solution. sterile water and
ii)  Medical Devices like IV sets, infusion accessories.

The company operates one integrated manufacturing facility located at Hariyala, Kheda district, Gujarat.And the plant is WHO-GMP and ISO 9001/13485/14001/45001 certified

Amanta Healthcare Limited IPO Strengths & Risks

Strengths:

> Established Track Record since 1994 in sterile pharmaceutical manufacturing, and having strong compliance history.
> WHO-GMP & ISO Certified Facility.
> Focusing on expansion: Use of IPO proceeds for expansion.
> Reducing debt YoY, which is helping to strengthen balance sheet.
> Essential healthcare product so making it recession proof market.

Risks:

> Single Manufacturing Location: operational risk in case of any disruptions.
> Revenue growth is close to ‘0’ i.e., flat revenue growth.
> High promoter holding ~ 61.5%
> Operates in a highly competitive segment and tussle with both Indian and global players.
> Regulatory Dependence: Highly regulated industry, any change in approvals or tighter norms might impact business.

Amanta Healthcare Limited: IPO date & invest detail

IPO Open Date:01 September 2025
IPO Close Date:03 September 2025
Anchor Investor Bidding29 August 2025
IPO Allotment Date:04 September 2025
Refunds & Demat Credit05 September 2025
Tentative Listing Date:08 September 2025
IPO CategoryENTERPRISE
SymbolAMANTA
Face Value:Rs.10 per Equity Share
Issue Size:~₹126 crore
Lot Size:119 shares per lot and multiples thereof

Amanta Healthcare Limited Composition & Proceeds

Fresh Issue:~1 Cr shares
Offer for Sale:0
Employee reservationNil
Price Range₹ 120- ₹126 per share
Debt Repayment–
Working Capital–
Facility Expansion₹ 100.13 Crore
General corporate purpose₹ 25.87
IPO Listing on:NSE & BSE
Retail Quota:≥ 35%
QIB Quota:≤ 50%
NII Quota:≥ 15%
Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)119111914,994
Retail (Max)119131,5471,94,922
Small HNI (Min)119141,6662,09,916
Small HNI (Max)119667,8549,89,604
Big HNI (Min)119677,97310,04,598

Amanta Healthcare Limited Grey market premium

DateIPO PriceIPO GMPGMP TrendEstimated listingEstimated profit (Per lot)
31-Aug₹ 126₹ 25+Positive₹ 151₹ 2,975
30-Aug₹ 126₹ 25+Positive₹ 151₹ 2,975
29-Aug₹ 126₹ 25+Positive₹ 151₹ 2,975
28-Aug₹ 126₹ 23+Positive₹ 149₹ 2,737
27-Aug₹ 126₹ 23+Positive₹ 149₹ 2,737
26-Aug₹ 126₹ 21+Positive₹ 147₹ 2,499
25-Aug₹ 126₹ 0+Positive₹ 126₹ 0

Promoters – Pre offer equity (Approx)

Bhavesh Patel ~21.68%
Vishal Patel ~13.55%
Jayshreeben Patel ~3.46%
Jitendrakumar Patel ~12.09%

To visit Amanta Healthcare official website click here

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Anlon Healthcare IPO: GMP, Price, Review, Detail

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Anlon Healthcare

Anlon Healthcare manufactures Active Pharmaceutical Ingredients & intermediates, supplying to both domestic and international markets. The issue size of the IPO is ₹121.03 crore with all being as book-built fresh issue and no OFS , the price range for the IPO is ₹86–₹91 per share.  

Anlon Healthcare is open for subscription from 26th Aug’25 and closes on 29nd Aug’25. The price band is ₹ 86 to ₹ 91/share with the lot size of 164 shares, aggregating to minimum investment for retail investors to ₹ 14,924 considering the upper band.

Year2025
Networth₹80.42 Cr
Revenue:₹120.4 Cr
EBITDA₹32.3 Cr
PAT₹20.52 Cr
EBITDA Margin:26.90%
PAT Margin17.00%

Anlon Healthcare Ltd Financials (Consolidated Figures)

Year (Approx Values)Revenue (₹ Cr)Profit (₹ Cr)Assets (₹ Cr)Borrowings (₹ Cr)Net Worth (₹ Cr)
20231135.8111.566.37.3
202466.69.612874.521
2025120.320.5181.358.380.4

Core Offerings & Store location of Anlon Healthcare

Founded in 2013.
Mr. Punitkumar R. Rasadia (Chairman & Managing Director)

Anlon Healthcare is a specialty chemicals and pharmaceutical company engaged mainly in manufacturing & supply of Active Pharmaceutical Ingredients (APIs) and pharmaceutical intermediates, neutraceutical ingredients, personal-care ingredients. It is one of the few Indian companies to develop and supply Loxoprofen Sodium Dihydrate (a widely used anti-inflammatory and analgesic drug API)

Anlon Healthcare has a single manufacturing facility which is located in Gujarat, India. This state-of-the-art manufacturing unit has advanced in-house R&D and quality control laboratories.

Anlon Healthcare IPO Strengths & Risks

Strengths:

> Diverse product basket (65 commercial, 28 at pilot stage & 49 products undergoing laboratory-scale testing. strong pipeline of pilot/lab products)
> Global regulatory presence, DMF approvals from international regulators Brazil (ANVISA), China(NMPA), and Japan(PMDA) supporting exports
> In-house QC/QA & labs, focus on QEHS. Two dedicated manufacturing blocks
> Dedicated API & intermediate blocks with 400 MT per annum installed capacity. Along with filtration, centrifugation & drying systems
> Experienced promoter/management team with domain expertise

Risks:

> Strict audits & inspections by regulatories & customers any audit failures or issues can hit business.
> Revenue concentration in top clients (~77% from top 10 customers), any disruptions in contract renewal, negotiations can impact it.
> High debt-equity ratio (0.73), negative cashflow in each year.
> Regulatory/approval timelines can delay product commercialization.
> Fluctuations is revenue as its saw a big dip in year 2024

Anlon Healthcare: IPO date & invest detail

IPO Open Date:26 August 2025
IPO Close Date:29 August 2025
Anchor Investor Bidding25 August 2025
IPO Allotment Date:01 September 2025
Refunds & Demat Credit02 September 2025
Tentative Listing Date:03 September 2025
IPO CategoryENTERPRISE
SymbolANLONHEALT
Face Value:Rs.10 per Equity Share
Issue Size:~₹121 crore
Lot Size:164 shares per lot and multiples thereof

Anlon Healthcare Composition & Proceeds

Fresh Issue:~1.33 Cr shares
Offer for Sale:0
Employee reservationNil
Price Range₹ 86- ₹91 per share
Face Value:₹ 10
Debt Repayment₹ 5 Crore
Working Capital₹ 43.15 Crore
Facility Expansion₹ 30.72 Crore
General corporate purposeBalance
IPO Listing on:NSE & BSE
Retail Quota:≥ 35%
QIB Quota:≤ 50%
NII Quota:≥ 15%
Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)164116414,924
Retail (Max)164132,1321,94,012
Small HNI (Min)164142,2962,08,936
Small HNI (Max)1646610,8249,84,984
Big HNI (Min)1646710,9889,99,908

Anlon Healthcare Grey market premium

DateIPO PriceIPO GMPGMP TrendEstimated listingEstimated profit
29-Aug–––––
28-Aug₹ 91₹ 6Positive₹ 97₹ 984
27-Aug₹ 91₹ 6Positive₹ 97₹ 984
26-Aug₹ 91₹ 5Positive₹ 96₹ 820
25-Aug₹ 91₹ 5Positive₹ 96₹ 820
24-Aug₹ 91–Positive––
23-Aug₹ 91–Positive––

Promoters – Pre offer equity (Approx)

Punitkumar R. Rasadia

Meet Atulkumar Vachhani

Mamata Punitkumar Rasadia

To visit Anlon Healthcare official website click here

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Vikran Engineering Limited IPO: GMP , Price, Review, Detail

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Vikran Engineering

Vikran is a growing Engineering, Procurement & Construction (EPC), it positions itself as a comprehensive EPC service provider—handling everything from conceptualization and engineering design to supply, installation, testing, and commissioning. Basically it is an infrastructure delivering company with its diverse presence in Power sector, Water Infrastructure, Railway Infrastructure, Solar EPC. The issue size of the IPO is ₹ 772 Cr with as fresh issue of ₹ 721 Cr and Offer for sale (OFS) for ₹ 51 Cr.

Vikran Engineering is open for subscription from 26th Aug’25 and closes on 29nd Aug’25. The price band is ₹ 92 to ₹ 97/share with the lot size of 148 shares, aggregating to minimum investment for retail investors to ₹ 14,356 considering the upper band.

Net Worth₹467.87 Cr
Revenue:₹922.36 Cr
EBITDA₹133.41 Cr
PAT₹77.82 Cr
EBITDA Margin:14.46%
PAT Margin8.43%

Vikran Engineering Ltd Financials (Consolidated Figures)

Year (Approx Values)Revenue (₹ Cr)Profit (₹ Cr)Assets (₹ Cr)Borrowings (₹ Cr)Net Worth (₹ Cr)
2025915.877.81354.6272.9467.8
2024785.974.8959.7183.4291.2
2023524.342.8712.4154.9131.1

Core Offerings & Store location of Vikran Engineering

Founded in 2008.
Mr. Rakesh Ashok Markhedkar (Chairman & Managing Director)

Vikran Engineering specializes in across multiple infrastructure verticals like Power (EHV), Water Infrastructure, Railway Infrastructure, Solar EPC, backed by a pan-India presence and diversified project portfolio

Vikran doesn’t have standalone manufacturing plants, the company manages its large network of project execution sites and store locations PAN India. It is present across 195 project sites and store locations throughout India

Vikran Engineering IPO Strengths & Risks

Strengths:
> Diversified portfolio across power, water, railway sectors
> Strong project execution track record: numerous completed and many ongoing projects in present across India.
> High-profile govt. clients like NTPC, Power Grid, Bihar power utilities, Madhya Pradesh Power Transmission and with may other state govt.
> Strong financial growth: healthy CAGR in revenue and profit across the past few years, Undervalued compared to peers
> Strong inhouse resources, and managing operations.

Risks:
> Heavy reliance on government contracts, any fluctuation or policy change might be challenging
> Negative cash flow in the year 2025
> Regulatory and environmental compliance risks inherent in EPC projects.
> Top 10 customers accounts for ₹ 806 crore out of ₹915 crore revenue in year 2025, any loss or fluctuation in this may affect adversely.
> Contingent liabilities amounting to ₹ 64.13 crore if any of these materialize it may put pressure on company’s finances.

Vikran Engineering: IPO date & invest detail

IPO Open Date:26 August 2025
IPO Close Date:29 August 2025
Anchor Investor Bidding25 August 2025
IPO Allotment Date:01 September 2025
Refunds & Demat Credit02 September 2025
Tentative Listing Date:03 September 2025
IPO CategoryENTERPRISE
SymbolVIKRANENG
Face Value:Rs.10 per Equity Share
Issue Size:~₹772 crore
Lot Size:148 shares per lot and multiples thereof

Vikran Engineering Composition & Proceeds

Fresh Issue:~7.43 Cr shares
Offer for Sale:~0.53 Cr shares
Employee reservationNil
Price Range₹ 92- ₹97 per share
Face Value:₹ 10
Debt Repayment–
Working Capital₹ 541 Crore
Facility Expansion–
General corporate purpose₹ 180 Crore
IPO Listing on:NSE & BSE
Retail Quota:≥ 35%
QIB Quota:≤ 50%
NII Quota:≥ 15%
Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)148114814,356
Retail (Max)148131,9241,86,628
Small HNI (Min)148142,0722,00,984
Small HNI (Max)148669,7689,47,496
Big HNI (Min)148679,9169,61,852

Vikran Engineering Grey market premium

DateIPO PriceIPO GMPGMP TrendEstimated listingEstimated profit (Per lot)
29-Aug–––––
28-Aug₹ 97₹ 14Negative₹ 117₹ 2,960
27-Aug₹ 97₹ 18+Positive₹ 115₹ 2,664
26-Aug₹ 97₹ 20+Positive₹ 117₹ 2,960
25-Aug₹ 97₹ 20+Positive₹ 117₹ 2,960
24-Aug₹ 97₹ 14– Negative₹ 111₹ 2,072
23-Aug₹ 97₹ 24Neutral₹ 121₹ 3,552
22-Aug₹ 97₹ 24Neutral₹ 121₹ 3,552
21-Aug₹ 97₹ 25+ Positive₹ 122₹ 3,700
20-Aug₹ 97₹ 15+ Positive₹ 112₹ 2,220

Promoters – Pre offer equity (Approx)

Rakesh Ashok Markhedkar ~ 59.02%
Vipul Markhedkar ~7.24%
Nakul Markhedkar ~7.24%
Kanchan Markhedkar ~7.24%
Vikran Global Infraprojects Pvt Ltd ~1.03%

To visit Vikran Engineering official website click here

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Globtier Infotech IPO: GMP, Price, Review, Detail

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Globtier Infotech

Globtier Infotech specializes in Digital & IT services provider: cloud & cybersecurity (managed security, data/network security), digital transformation, app dev & IT consulting. The issue size for the IPO is ₹ 31.05 Cr witch fresh issue of ₹ 27.44 Cr & ₹ 3.61 Cr as Offer for sale.

Globtier Infotech is open for subscription from 25th Aug’25 and closes on 28nd Aug’25. The price band is fixed at ₹ 72/share with the lot size of 1600 shares, but the minimum application is for 2 lots, i.e., 3200 shares aggregating to minimum investment for retail investor to ₹ 2,30,400.

Globtier Infotech Ltd Financials (Consolidated Figures)

Year (Approx Values)Revenue (₹ Cr)Profit (₹ Cr)Assets (₹ Cr)Borrowings (₹ Cr)Net Worth (₹ Cr)
202594.45.553.97.335.6
202488.23.743.1225.8
202386.23.3336.421.4
Globtier Infotech

Core Offerings & Store location of Globtier Infotech

 Founded in 2004.
Mr. Rajiv Shukla (Chairman & Managing Director)

Globtier Infotech operates its 3 different locations, two in India and one in USA.

Unit I – Noida, India

Unit II – Bangalore, India

Unit III – Delaware, USA

Globtier Infotech IPO Strengths & Risks

Strengths:

> Strong Technology Expertise in cloud, cybersecurity, & digital transformation solution
> Repeat business from clients due to customized solutions and sustained service delivery
> Global Presence ( India & USA)
> Asset-light model focused on IT services with good potential for margin expansion
> Led by Experienced professionals with extensive IT services background

Risks:

> High dependence on keeping pace with evolving digital/cloud/cybersecurity technologies
> Faces stiff competition from both big IT firms and even startups across the world
> High Borrowings Trend
> Dependence on a limited set of clients and top suppliers
> Being an SME IPO (BSE SME), liquidity, analyst coverage, and investor participation may remain relatively limited compared to mainboard listings

Globtier Infotech: IPO date & invest detail

IPO Open Date:25 August 2025
IPO Close Date:28 August 2025
IPO Allotment Date:29 August 2025
Refunds & Demat Credit01 September 2025
Tentative Listing Date:02 September 2025
IPO CategorySME
SymbolGLOBTIER
Face Value:Rs.10 per Equity Share
Issue Size:~₹31.05 crore
Lot Size:1600 shares per lot and multiples thereof

Globtier Infotech Composition & Proceeds

Fresh Issue:~38.11 lac shares
Offer for Sale:~5 lac shares
Employee reservationNil
Price Range₹ 72 per share
Face Value:₹ 10
Debt Repayment₹ 8.3 Crore
Working Capital₹ 11.5 Crore
Facility Expansion–
General corporate purpose₹ 4.03 Crore
IPO Listing on:NSE & BSE
Retail Quota:≥ 35%
QIB Quota:≤ 50%
NII Quota:≥ 15%
Application TypeLot SizeNo. of LotsNo. of SharesInvestment Amount
Retail(Min)160023,2002,30,400
Retail (Max)160023,2002,30,400
Small HNI (Min)160034,8003,45,600
Small HNI (Max)16001219,20013,82,400
Big HNI (Min)16001320,80014,97,600

Globtier Infotech Grey market premium

DateIPO PriceIPO GMPGMP TrendEstimated listingEstimated profit
22-Aug₹ 72–NA––
21-Aug₹ 72–NA––
20-Aug₹ 72–NA––

Globtier Infotech Promoters – Pre offer equity (Approx)

Rajiv Shukla ~ 44.57%

Rekha Shukla ~ 44.57%

Rahul Shukla ~ 10.86%

To visit Globtier Infotech website click here

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Patel Retail IPO: Patel Retail Ltd GMP , Price, Review, Detail

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Patel Retail Ltd, is a supermarket chain operating under the brand Patel’s R Mart, It operates in tier‑III cities and suburban areas in Maharashtra. Patel Retail IPO book build issue is for ₹ 242.76 Cr, With fresh issue of ₹ 217.21 Cr ( ~85 lac shares) and offer for sale aggregating to 25.55 Cr ( ~10 lac shares).

Patel Retail Limited is open for subscription from 19th Aug’25 and closes on 21st Aug’25. The price band is set between ₹ 237 & ₹ 255 with the lot size of 58 aggregating to minimum investment for retail investor to ₹ 13,746. For small HNI minimum investment is ₹ 2,07,060 and for Big HNI the amount aggregates to ₹ 10,05,720.

Patel Retail also exports products like pulses, spices, groceries to more than 35 countries. The company has multiple manufacturing, processing and packaging facilities in Maharashtra, Ambernath & Two production facility in Dudhai (Gujarat)

Patel Retail Ltd

Core Offering & Store locations of Patel Retail Ltd

Founding Year  : 2007–08.
Managing Director Mr. Dhanji Raghavji Patel

No. of Stores: It operates 43 stores across Thane and Raigad as of May 31, 2025, spanning approximately 1,78,946 sq. ft

Core Offerings: A variety of products across food, FMCG, general merchandise, apparel, plus private labels like Patel Fresh, Indian Chaska, Blue Nation, and Patel Essentials.

Patel Retail Ltd Financials (Consolidated Figures)

Year (Approx Values)Revenue (₹ Cr)Profit After Tax (₹ Cr)Assets (₹ Cr)Borrowings (₹ Cr)Net Worth (₹ Cr)
202582025.3382.9179.4134.6
202481422.5333185.894.5
2023101816.4303.1182.871.8

Patel Retail IPO Strengths & Risks

Strengths:
> Strong understanding of product assortment, responds quickly to changing consumer tastes
> Strategic store acquisition & ownership model within proximity to its current location, thus sorting inventory & supply chain
> Robust logistics & distribution network
> Large procurement network of 1500+ farmers
> Credit Rating of Acuite BBB for long term banking facilities and Acuite A3+ for pre/post shipment credit

Risks:
> Concentrated in very limited regions.
> Reduction in revenue from non-retail business due to drop in exports & policy change by govt.
> Negative cash flow in FY’23 & FY’25.
> Large portion of revenue comes from exports, so any change in national/international policies could disrupt business.
> Debt of 179.93 Crore as of May 31, 2025.

Patel Retail Ltd : IPO date and invest detail

IPO Open Date:19 August 2025
IPO Close Date:21 August 2025
Anchor Investor Bidding18 August 2025
IPO Allotment Date:22 August 2025
Refunds & Demat Credit25 August 2025
Tentative Listing Date:26 August 2025
IPO CategoryEnterprise
SymbolPATELRMART
Face Value:Rs.10 per Equity Share
Issue Size:₹242.76 crore
Lot Size:58 shares per lot and multiples thereof

Patel Retail Ltd Composition and Use of proceeds

Fresh Issue:85,18,000 shares
Offer for Sale:Upto 10,02,000 shares
Employee reservation51,000 shares (up to ₹1 crore) with ₹20 discount per share
Issue Type:100% Book Building
Price RangeRs. 237 to Rs. 255 per share
Face Value:₹ 10
Debt Repayment₹ 59 Crore
Working Capital₹ 115 Crore
RemainingGeneral corporate purpose
IPO Listing on:NSE & BSE
Retail Quota:≥ 45%
QIB Quota:≤ 30%
NII Quota:≥ 25%
Application TypeLot SizeNo.of LotsNo. of SharesInvestment Amount
Retail(Min)5815814,790
Retail (Max)58137541,92,270
Small HNI (Min)58148122,07,060
Small HNI (Max)58673,8869,90,930
Big HNI (Min)58683,94410,05,720

Patel Retail Ltd IPO Grey Market Premium

DateIPO GMPGMP TrendEstimated listingEstimated profit
21-Aug₹ 50+ Positive₹ 305₹ 2,900
20-Aug₹ 50+ Positive₹ 305₹ 2,900
19-Aug₹ 38+ Positive₹ 293₹ 2,204
18-Aug₹ 36+ Positive₹ 291₹ 2,088
17-Aug₹ 36+ Positive₹ 291₹ 2,088
16-Aug₹ 35+ Positive₹ 290₹ 2,030
15-Aug₹ 34+ Positive₹ 289₹ 1,972
14-Aug₹ 34+ Positive₹ 289₹ 1,972
13-Aug₹ 34+ Positive₹ 289₹ 1,972
12-Aug₹ 30+ Positive₹ 285₹ 1,740
11-Aug₹ 26+ Positive₹ 281₹ 1,508

Promoters: Pre-offer equity (Approx)  

  Dhanji Raghavji Patel ~65%    
Raghavji Patel ~19%    
Hiren Bechar Patel ~2.5%    
Rahul Dhanji Patel ~2.5%nfo Box

To visit Patel Retail Ltd click here

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