MS

Methodhub Software

Book Building issueSMEBSE₹102 Cr issue
-20.00%
Listing gain over issue price
Issue size
₹102 Cr
1 lot at cut-off
₹1,16,400
Lot size
600shares
Open
05 Dec 2025
Close
09 Dec 2025
Allotment
10 Dec 2025
Listing
12 Dec 2025

Listing performance

Issue price
₹194
Listed at
₹155.20
Listing-day close
₹162.90
Latest price
₹81.52
Listing gain
-20.00%
Return since listing
-57.98%

Scheduled dates

Tentative timetable — a past date is not confirmation the step completed

  1. Open
    05 Dec 2025
  2. Close
    09 Dec 2025
  3. Allotment
    10 Dec 2025
  4. Refund
    11 Dec 2025
  5. Demat credit
    11 Dec 2025
  6. Listing
    12 Dec 2025

Grey market premium

Unofficial and indicative — not a forecast

₹17

3 observations recorded — too few to plot a trend.

Day-wise premium · 3 observations
DateGMP%SaudaEst. listingGain / lot
12 Dec 2025₹17+8.76%₹7,800₹211₹10,200
11 Dec 2025₹17+8.76%₹7,800₹211₹10,200
10 Dec 2025₹26+13.40%₹11,900₹220₹15,600

Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.

Issue details

IPO date
05 Dec 2025 – 09 Dec 2025
Listing date
12 Dec 2025
Face value
₹1 per share
Issue price
₹194 per share
Lot size
600 shares
Issue type
Book Building issue
Listing at
BSE
Total issue size
₹102 Cr
Market cap at offer price
₹366 Cr
Promoter holding
35.29% → 26.84% pre-issue → post-issue
ISIN
INE0QZR01017
Registrar
Maashitla Securities Pvt.Ltd.
Lead managers
Horizon Management Pvt.Ltd.
Registered office
Unit No.109, 1st Floor, Prestige Meridian 1, No.29, M.G.Road, Karnataka

Reservation and application size

How the issue is split between investor categories, and what each may bid

Investor categoryShares% of net% of total
Anchor investor · within QIB15,03,600——
Market maker 2,65,200——

Application size

Minimum 600 shares per lot, in multiples, at ₹194

ApplicationLotsSharesAmount
Retail (min)1600₹1,16,400
S-HNI (min)21,200₹2,32,800
S-HNI (max)84,800₹9,31,200
B-HNI (min)95,400₹10,47,600

Category limits

CategoryBid sizeCut-off
Retail (RII)Up to ₹2 lakhYes
Small HNI (sNII)₹2 lakh – ₹10 lakhNo
Big HNI (bNII)Above ₹10 lakhNo
EmployeeUp to ₹5 lakhYes

Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.

Anchor investors

Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.

Shares allocated
15,03,600
Anchor portion
₹29.17 Cr
at ₹194 per share

Valuation and performance

Valuation at offer price

₹194 per share

MetricPre-issuePost-issue
EPS (₹)8.0210.98
P/E (×)24.1917.67
Price to book (×)5.37—
Market cap—₹366 Cr

Key performance indicators

Latest reported period

Return on net worth
26.92%
ROCE
25.71%
Debt / equity
0.75
PAT margin
8.46%
EBITDA margin
12.61%
NAV per share
₹36.10
Price to book
5.37

Single period as reported. Year-on-year movement is in the financials table below, where every period is published.

About Methodhub Software

Methodhub Software Limited was incorporated as a private limited company on February 2, 2016, and converted to a public company on October 19, 2024. The company operates as an IT service provider with offices in four Indian cities and subsidiaries in the USA and Canada, serving around 40 customers. It provides IT and Consulting Services including Cloud Services, Data & AI Services, Cybersecurity, ERP/CRM Integration, IT Infrastructure, Recruitment Delivery Services and combined offerings to deliver bespoke IT solutions. The company has strategic subsidiaries: MethodHub Consulting Inc. (USA) as a wholly-owned subsidiary acquired effective April 1, 2024, and majority stake (51% equity interest) in ZORTech Solutions Inc. (Canada). The company's core verticals include BFSI, Oil & Gas/Energy, Healthcare and Lifesciences, Telecom & Tech Infrastructure, Automotive & Transport, IT Consulting, and others. Revenue from operations on standalone basis grew 64.14% from ₹354.90 million in Fiscal 2023 to ₹582.53 million in Fiscal 2025.

Company Analysis

from RHP

Methodhub Software Limited is an IT service provider offering cloud services, data & AI services, cybersecurity, ERP/CRM integration, IT infrastructure, and recruitment delivery services across multiple industry verticals including BFSI, oil & gas, healthcare, telecom, and automotive.

Methodhub Software Limited was incorporated as a private limited company on February 2, 2016, and converted to a public company on October 19, 2024. The company operates as an IT service provider with offices in four Indian cities and subsidiaries in the USA and Canada, serving around 40 customers. It provides IT and Consulting Services including Cloud Services, Data & AI Services, Cybersecurity, ERP/CRM Integration, IT Infrastructure, Recruitment Delivery Services and combined offerings to deliver bespoke IT solutions. The company has strategic subsidiaries: MethodHub Consulting Inc. (USA) as a wholly-owned subsidiary acquired effective April 1, 2024, and majority stake (51% equity interest) in ZORTech Solutions Inc. (Canada). The company's core verticals include BFSI, Oil & Gas/Energy, Healthcare and Lifesciences, Telecom & Tech Infrastructure, Automotive & Transport, IT Consulting, and others. Revenue from operations on standalone basis grew 64.14% from ₹354.90 million in Fiscal 2023 to ₹582.53 million in Fiscal 2025.

IT ServicesIT ConsultingBFSI (Banking, Financial Services and Insurance)Oil & Gas/EnergyHealthcare and LifesciencesTelecom & Tech InfrastructureAutomotive & Transport

Objects of the Issue

  • Repayment and / or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by our Company
    Up to ₹136.00 million p.22
  • Augmentation of long-term working capital requirements of our Company
    Up to ₹250.00 million p.22
  • Investment in our wholly owned subsidiary MethodHub Consulting Inc. (USA) for augmentation of long-term working capital requirements
    Up to ₹40.00 million p.22
  • Unidentified inorganic acquisitions and General Corporate Purposes
    p.22
  • Refer to the chapter titled 'Objects of the Offer' beginning on page 121
    p.80
  • Repayment and / or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by our Company
    Up to ₹136.00 million p.126
  • Augmentation of long-term working capital requirements of our Company
    Up to ₹250.00 million p.126
  • Investment in our wholly owned subsidiary MethodHub Consulting Inc. (USA) for augmentation of long-term working capital requirements in MethodHub Consulting Inc. (USA)
    Up to ₹40.00 million p.126
  • Unidentified inorganic acquisitions and general corporate purposes
    p.126
  • —
  • Not specified in this section of the document

Issue Structure

Total Issue
Up to [●] Equity Shares of face value of ₹10 each, aggregating up to ₹[●] million
Fresh Issue
Up to [●] Equity Shares of face value ₹10 each, aggregating up to ₹875 million
Offer for Sale
Up to 800,000 Equity Shares of face value ₹10 each, aggregating up to ₹[●] million by the Selling Shareholder K. Chandrasekaran
Face Value
₹10 each

Business Model

The company earns revenue through IT and consulting services including cloud services, data & AI services, cybersecurity, ERP/CRM integration, IT infrastructure, and recruitment delivery services. The company has entered into exclusive brand licensing agreements with customers under which the 'MethodHub' brand is used by them for sourcing business, and the company executes delivery through its US subsidiary and offshore delivery centers in India. Revenue is generated from serving approximately 40 customers across core verticals including BFSI, Oil & Gas/Energy, Healthcare and Lifesciences, Telecom & Tech Infrastructure, Automotive & Transport, and IT Consulting.

Business Segments

IT services and consulting for telecom and technology infrastructure sector
IT consulting and technology solutions services
IT services and consulting for healthcare and life science sector
IT services and consulting for banking, financial services and insurance sector
IT services and consulting for automotive and transport sector
IT services and consulting for oil, gas and energy sector
Engaged in the business of IT solutions, staffing services, software development and IT consulting
Engaged in the business of information technology services and consulting
Engaged in the business of IT solutions, staffing services, software development and IT consulting services
Provides consulting, delivery, support services and execution capabilities in cloud services, data & AI services, cybersecurity, ERP/CRM integration, IT infrastructure, and recruitment delivery services
Serves six core verticals: Banking, Financial Services and Insurance (BFSI), Oil & Gas/Energy, Healthcare and Life Sciences, Telecom/Tech Infrastructure, Automotive/Transport, Information Technology (IT) Consulting
End-to-end data and artificial intelligence services including data infrastructure modernization, data engineering, governance, security, AI strategy consulting, generative AI implementation, and machine learning analytics
Cloud adoption assessment, migration strategy, cloud environment management, cloud-native application development using microservices and containerization, and DevOps practices
Infrastructure services covering computer systems, networks, IT environment management, hardware and server setup, monitoring and maintenance, enterprise networks, data storage, and security frameworks management
Talent attraction, evaluation, and onboarding through lead generation, requirement gathering, candidate sourcing, screening, assessment, interview management, and payroll integration
Vulnerability assessments, penetration testing, intrusion detection and prevention systems, security information and event management, identity and access management, managed security services, and customized security architecture
Enterprise resource planning and customer relationship management integration, enterprise system automation, optimization, and custom application development aligned with client objectives
Integrated delivery framework across data and AI, cloud, IT infrastructure, cybersecurity, ERP/CRM integration, and recruitment delivery services with unified program management and governance
Contract staffing, contract-to-hire, and full-time placements delivered through time-and-material (T&M) engagements and fixed-bid contracts across application development, cloud, data and AI, and enterprise solutions.
Comprehensive technology solutions for telecommunications including network operations management, SAP-based solutions, system integration, big data analytics, application development, telecom cloud environments through network automation, and solar solution system integration services.
Technology and IT services for healthcare and life sciences enterprises.
Banking, Financial Services and Insurance technology and consulting services.
Technology-driven solutions for oil, gas, and energy enterprises combining SAP platform integration with customized applications. Capabilities span exploration, mining, refining, distribution, renewable initiatives including energy management systems, storage optimization, and advanced analytics. For utilities: transmission and distribution management, grid resilience, and customer engagement solutions.
Advanced technology solutions including AI and machine learning for autonomous driving and predictive maintenance, enterprise platforms (ERP, CRM, QMS, retail, supply chain), energy management solutions, and smart city initiatives.
Cloud Services, Data & AI Services, Cybersecurity, ERP/CRM Integration, IT Infrastructure, Recruitment Delivery Services and Combined Offerings
Technology infrastructure solutions tailored to the evolving needs of the telecom industry, with focus on scalability, efficiency, and innovation. Also provides technology infrastructure solutions designed for the solar energy sector.
End-to-end data and artificial intelligence services enabling clients to modernize data infrastructure, strengthen decision-making capabilities, and adopt AI responsibly. Services include data design and implementation, data modernization programmes, platform integration, workflow automation, data engineering, governance, security, privacy solutions, strategic consulting, readiness assessments, adoption roadmaps, implementation of generative AI solutions, custom domain-specific AI applications, post-deployment AI/ML operations support, and advanced analytics.
Comprehensive cloud-based solutions covering the entire cloud adoption lifecycle, including assessment of existing IT infrastructure, formulation of tailored migration strategies, secure execution of cloud transitions, continuous management of cloud environments with performance optimization and security emphasis, and design and development of scalable cloud-native applications leveraging microservices architecture, containerization, and DevOps practices.
Infrastructure Services covering computer systems, networks, and complete IT environment management including setup, monitoring, and maintenance of hardware, servers, and cloud platforms to ensure uninterrupted business operations. Services include managing enterprise networks, data storage, security frameworks, proactive monitoring, quick issue resolution, and enabling clients to scale infrastructure while maintaining cost efficiency and flexibility.
Services designed to enable clients to attract, evaluate, and onboard the right talent through a structured, transparent, and quality-driven approach. Process includes lead generation, requirement gathering, execution of master service agreements, collaboration with hiring managers to define roles and job descriptions, leveraging internal recruiters and technology platforms to source and screen candidates, managing interviews, negotiations, onboarding, documentation, compliance checks, and integrated payroll processes.
Enterprise resource planning and customer relationship management integration services aimed at improving operational efficiency and maximizing returns on technology investments. Services include automation, integration, and optimization of enterprise systems and custom-built applications, business process design, and implementation of solutions enabling data-driven decision-making.
Comprehensive cybersecurity solutions designed to safeguard client assets, ensure regulatory compliance, and strengthen operational resilience. Service offerings include vulnerability assessments, penetration testing, intrusion detection and prevention systems, security information and event management, identity and access management solutions, managed security services, and customized security architecture with continuous monitoring, threat analysis, and incident response.

SWOT Analysis

Strengths
  • • Established IT service provider with geographic and vertical diversification(p.21)
  • • Strategic acquisitions strengthening market position and revenue growth(p.22)
  • • Strong standalone revenue growth trajectory(p.22)
  • • Robust profitability with strong PAT growth(p.22)
  • • Experienced leadership and skilled workforce(p.147)
  • • Long-term client relationships and scalable business model(p.147)
  • • Diversified industrial vertical coverage(p.147)
  • • Continuous innovation capability(p.147)
  • • Robust financial performance(p.147)
  • • Strong order book of ₹2,123.83 million(p.133)
  • • Strong export growth trajectory with 15.33% CAGR in IT & BPM exports (FY19-FY24)(p.165)
  • • India accounts for 57-58% of global sourcing spend, maintaining position as most favored outsourcing destination(p.171)
  • • Large skilled tech talent pool with 5.8 million professionals in FY25E, including 2.6 million STEM graduates(p.171)
  • • ER&D emerging as fastest-growing export segment for fourth consecutive year at 7% growth(p.172)
  • • Demonstrated capability to deliver AI and GenAI solutions with 90% of AI activity being GenAI-focused(p.188)
  • • Strong GCC ecosystem with 1,750+ Global Capability Centers generating USD 64.9 billion in value(p.210)
  • • Cost-effective workforce with salaries 60-75% lower than North American counterparts(p.217)
  • • Strong track record with Fortune 500 companies and enduring partnerships across multiple sectors(p.217)
  • • Long-term client relationships and deep technological expertise(p.249)
  • • Experienced leadership with 50+ years combined industry experience(p.249)
  • • Scalable business model with ability to expand into new sectors(p.249)
  • • Diversified revenue across multiple industry verticals reducing dependency(p.250)
  • • Strong financial performance with healthy profitability metrics(p.250)
  • • Continuous innovation embedded in operations and delivery model(p.250)
  • • ISO 27001:2022 and SOC 2 Type 2 certifications for information security(p.265)
  • • Strong offshore delivery capabilities in India supporting North America markets(p.259)
  • • Experienced management with deep industry expertise(p.359)
  • • Diversified revenue across IT services and tech infrastructure(p.359)
  • • Strong profit growth and margins(p.360)
  • • ISO certifications and quality management systems(p.394)
  • • Great Place to Work certification and talent recognition(p.361)
  • • Diversified service portfolio across five horizontal verticals(p.361)
  • • Strong revenue growth from Data & AI services(p.363)
  • • Geographic diversification with North American dominance(p.363)
  • • Award for excellence in workforce development(p.361)
Weaknesses
  • • Extreme customer concentration risk with top 10 clients representing over 91% of revenues(p.39)
  • • Dependence on single largest customer with exclusive brand licensing agreement(p.39)
  • • High supplier concentration with top 10 suppliers representing 32-72% of total purchases(p.41)
  • • Negative operating cash flow in recent period(p.46)
  • • Integration risks from recent acquisitions(p.43)
  • • Employee attrition and talent retention challenges(p.45)
  • • Material subsidiary ZORTech Solutions Inc. (Canada) reporting losses(p.49)
  • • High trade receivables relative to revenue indicating collection risks(p.50)
  • • Promoters providing personal guarantees for company loans(p.66)
  • • Subsidiaries engaged in similar business lines creating potential conflicts(p.65)
  • • History of delays in payment of statutory dues(p.62)
  • • Dependence on employee utilization rates for profitability(p.49)
  • • High customer concentration risk(p.133)
  • • Significant working capital requirements(p.132)
  • • Outstanding borrowings of ₹136.65 million requiring debt servicing(p.127)
  • • Dependence on limited geographic markets(p.159)
  • • Company limited operational presence with offices in only four locations in India and subsidiaries in USA and Canada(p.236)
  • • Revenue concentration risk with heavy dependence on top two customers for substantial share of revenue(p.231)
  • • EBITDA margin declined from 16.18% (FY23) to 12.61% (FY25) despite revenue growth(p.238)
  • • Direct costs as percentage of revenue increased significantly from 60% (FY23) to 79% (FY25)(p.238)
  • • Limited engagement with large enterprises and government due to insufficient veteran-owned company partnerships(p.231)
  • • Operating from limited locations with concentration in four Indian cities(p.259)
  • • High dependency on Time and Material projects(p.259)
  • • Revenue concentration on top two customers(p.259)
  • • Need for continuous upgradation of project execution team knowledge(p.259)
  • • Limited orientation towards soliciting large-scale deals(p.259)
  • • Dependence on key customers for revenue concentration(p.335)
  • • High short-term borrowings relative to total debt(p.331)
  • • Promoter with misplaced educational documentation(p.309)
  • • Subsidiaries operating in similar business creating conflict of interest(p.310)
  • • Dependence on recruitment delivery services segment volatility(p.363)
  • • Promoter litigation involving negotiable instruments fraud(p.388)
  • • Significant operating cash outflow despite profitability(p.381)
  • • Negative operating cash flow driven by working capital increases(p.381)
  • • High leverage through outstanding borrowings(p.385)
Opportunities
  • • India positioned as top offshoring destination with growing IT spending(p.21)
  • • Strong growth trajectory in India's IT export market(p.21)
  • • Emerging technology opportunities including generative AI and cloud services(p.41)
  • • Customer diversification strategy across geographies and verticals(p.39)
  • • Expansion of service offerings and market segments(p.21)
  • • Expansion into large enterprise markets with significant growth potential(p.52)
  • • Geographic expansion into North America markets(p.68)
  • • International revenue already significant with growth potential(p.51)
  • • Expansion into North America and Canada markets(p.140)
  • • Growth through strategic acquisitions and inorganic expansion(p.140)
  • • Growing global IT services market projected to reach $44.05 billion by 2030(p.164)
  • • Rising AI and cloud adoption driving industry demand(p.159)
  • • Investment in wholly-owned subsidiary MethodHub Consulting Inc. for North American expansion(p.136)
  • • India's IT industry projected to reach $350 billion by 2026(p.160)
  • • North American IT Services and BPM export market projected to grow from USD 106.95B (2025) to USD 142.72B (2030) at 5.94% CAGR(p.233)
  • • Public Sector and Government Projects vertical fastest-growing at 7.91% CAGR in North America(p.233)
  • • AI/ML spending expected to grow 30% year-over-year with 80% of companies planning to increase AI spend(p.199)
  • • BFSI vertical remains largest opportunity with 41.22% market share and continued digital transformation demand(p.166)
  • • Global IT services spend projected to grow 5.1% in CY25, higher than CY24's 4.7%(p.198)
  • • Over 75% of CXOs prefer outsourcing digital services with India retaining top position in location preference(p.200)
  • • GCC segment expected to witness highest CAGR of 8.73% among delivery models in North America(p.219)
  • • Deeper penetration into US and Canadian markets with untapped potential(p.259)
  • • Expansion of partner-driven businesses executed from offshore locations(p.259)
  • • Engagement with large enterprises through partnerships with veteran-owned companies(p.259)
  • • Growing business footprint with key customers with small IT budget share(p.259)
  • • Strategic acquisitions and alliances to enhance market reach and technology capabilities(p.251)
  • • Data and AI-driven solutions to boost client results and differentiate services(p.252)
  • • Expansion through strategic hiring and talent retention(p.307)
  • • Growth in IT services and digital transformation demand(p.359)
  • • Planned IPO funding for business expansion(p.301)
  • • Accelerating demand for Data & AI services and generative AI adoption(p.366)
  • • Cloud technology job creation and GDP contribution potential(p.368)
  • • Data annotation market growth driven by AI acceleration(p.367)
  • • Indian IT sector projected to reach $350 billion by 2026(p.367)
  • • IT export growth expected at 5-6% in FY26(p.367)
  • • Indian software product industry projected to hit $100 billion by 2025(p.367)
Threats
  • • Risk of loss or reduction in business from top clients due to contract termination(p.39)
  • • Cyclical demand in customer industries could reduce revenue(p.39)
  • • Rapid technological change and innovation requirements in evolving industry(p.48)
  • • Cyber security threats and data breach risks(p.44)
  • • Supplier unavailability or discontinuation could disrupt business operations(p.42)
  • • External economic and currency fluctuation risks(p.48)
  • • Intense competition from onshore and offshore IT services companies(p.51)
  • • Foreign exchange fluctuation impacts on profitability(p.55)
  • • Global geopolitical tensions affecting business operations(p.74)
  • • Customer contract termination and non-renewal risks(p.65)
  • • Dependence on third-party data centers and cloud providers(p.63)
  • • Regulatory compliance risks including data privacy laws(p.67)
  • • Global economic slowdown and trade uncertainties(p.158)
  • • Elevated tariffs and trade tensions affecting global supply chains(p.158)
  • • Slowdown in US market growth from 2.8% to 1.6%(p.158)
  • • Geopolitical tensions and ongoing conflicts(p.158)
  • • Intense competition from larger established IT service providers(p.159)
  • • U.S. visa policies (H-1B, L-1) showing severe operational disruption with 72.3% visa dependency(p.208)
  • • Increasing U.S. data localization and cybersecurity mandates creating high compliance complexity(p.208)
  • • Competition from nearshore (Latin American) and onshore models creating moderate to high competitive pressure(p.208)
  • • Heightened geopolitical tensions and rising costs of climate action could create disruptive growth shocks(p.197)
  • • Talent attrition and rising labor costs in high-demand skill areas creating moderate operational impact(p.208)
  • • Exposure to currency fluctuations impacting profitability and financial stability(p.231)
  • • AI-led services transformation anticipated as primary source of disruption for providers in FY26(p.202)
  • • Uncertainty in government policies and political scenarios affecting business operations and workforce management(p.231)
  • • Currency risk impacting revenue and margins(p.259)
  • • Competitive intensity and evolving customer IT strategies(p.259)
  • • Rapid technology realignment affecting client requirements(p.259)
  • • Government and political factors including interest rates, stability, and immigration policies(p.259)
  • • Recent U.S. tariff increases may slow discretionary spending and delay project approvals(p.259)
  • • Dependence on retained earnings as no dividend history exists(p.320)
  • • Industry cyclicality and economic sensitivity affecting IT services(p.359)
  • • High finance costs impacting profitability(p.336)
  • • Global economic slowdown and reduced IT spending(p.365)
  • • Trade tensions and tariff escalation impacting global supply chains(p.365)
  • • High competition and pricing pressure in IT services industry(p.363)
  • • Client concentration risk and dependency on major clients(p.364)
  • • Intense competition for skilled talent and rising employee costs(p.364)
  • • Geopolitical tensions and regulatory uncertainties(p.365)
  • • Regulatory compliance burden across multiple jurisdictions(p.364)

Promoters

NameRolePre-IssuePost-Issue
Ahobilam NagasundaramPromoter21.01%—
Jayakumar AmmasaikuttyPromoter13.76%—
Jayakumar AmmasaikuttyPromoter——
Ahobilam NagasundaramPromoter, Executive Director & Chief Executive Officer——
Ahobilam NagasundaramPromoter21.01%—
Jayakumar AmmasaikuttyPromoter13.76%—
Ahobilam NagasundaramPromoter——
Jayakumar AmmasaikuttyPromoter——
Ahobilam NagasundaramPromoter21.01%—
Jayakumar AmmasaikuttyPromoter——
Ahobilam NagasundaramPromoter21.01%—
Jayakumar AmmasaikuttyPromoter13.76%—
Jayakumar AmmasaikuttyPromoter——
Duraiswamy Naidu SanthaPromoter——
K. ChandrasekaranSelling Shareholder——
K. ChandrasekaranSelling Shareholder——

Leadership

Ahobilam Nagasundaram · Executive Director / Promoter
Jayakumar Ammasaikutty · Promoter
Kannan Jayaramakrishnan · Chairman and Non-Executive Independent Director
Ravi Sharma · Chief Financial Officer
Muthukrishnan Shanmuga Thevar · Company Secretary and Compliance Officer

Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.

Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers — it is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price. Nothing here is investment advice or a recommendation; read the offer document and consult a SEBI-registered adviser before applying.