Investor appetite for SME offerings surged as the IPO of witnessed extraordinary demand on NSE’s Emerge platform. The issue was subscribed 918 times, translating into bids worth over ₹25,300 crore against an offer size of ₹38.5 crore . Nearly 55 lakh shares were offered, while bids were received for about 361.6 crore shares, according to NSE data. Priced in the ₹65–70 range , the IPO became the most subscribed SME issue of 2025. Proceeds will be used for working capital, debt repayment, marketing, capital expenditure, and installing a solar rooftop plant at its manufacturing facility.