
Incorporated in 2006, the company is engaged in manufacturing chillers, HVAC and refrigeration systems, catering to the marine, automotive, pharma, chemical, print media, and general engineering sectors. Its operations are heavily defence-oriented, with approximately 77% of FY25 revenue from government clients. Marine industry chillers contributed 83.86% of FY25 revenue. The company has an order book of ₹231.41 Cr as of May 25, 2025, with additional bids worth ₹124.50 Cr under process. It also offers fabrication services and other engineering solutions, with a manufacturing facility in Karad, Maharashtra.
Bidding starts for all investor categories
Last day to place your bid
Share allotment finalised
Refunds credited for non-allottees
Allotted shares credited to demat account
Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1000 | ₹125,000 | 1 | ₹125,000 | 1 lot only |
| HNI | 2 | 2000 | ₹250,000 | 2 | ₹250,000 | Min 2 lots |
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 4,795,082 | 58.5 | 0 | 0.00x | 100% |
| NII | 15% | 1,438,525 | 17.55 | 0 | 0.00x | 100% |
| Retail | 35% | 3,356,557 | 40.95 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).