About
KRM Ayurveda IPO is a book build issue of ₹77.49 crores. The issue is entirely a fresh issue of 0.57 crore shares of ₹77.49 crore.
KRM Ayurveda IPO opens for subscription on Jan 21, 2026 and closes on Jan 23, 2026. The allotment for the KRM Ayurveda IPO is expected to be finalized on Jan 27, 2026. KRM Ayurveda IPO will list on NSE SME with a tentative listing date fixed as Jan 29, 2026.
KRM Ayurveda IPO price band is set at ₹128 to ₹135 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,70,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹4,05,000.
NEXGEN Financial Solutions Pvt. Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Mansi Share & Stock Broking Pvt.Ltd..
Refer to KRM Ayurveda IPO RHP for detailed Information.
IPO Open
Wed, Jan 21, 2026
IPO Close
Fri, Jan 23, 2026
Issue Price
₹135 per share
Market Cap (Pre-IPO)
₹287.02 Cr
IPO Details
| IPO Date | 21 to 23 Jan, 2026 |
| Listing Date | Thu, Jan 29, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹128 to ₹135 |
| Issue Price | ₹135 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 57,40,000 shares (agg. up to ₹77 Cr) |
| Reserved for Market Maker | 5,74,000 shares (agg. up to ₹8 Cr) Mansi Share & Stock Broking Pvt.Ltd. |
| Net Offered to Public | 51,66,000 shares (agg. up to ₹70 Cr) |
| Share Holding Pre Issue | 1,55,20,800 shares |
| Share Holding Post Issue | 2,12,60,800 shares |
IPO Timetable (Tentative)
- IPO OpenWed, Jan 21, 2026
- IPO CloseFri, Jan 23, 2026
- AllotmentTue, Jan 27, 2026
- RefundWed, Jan 28, 2026
- Credit of SharesWed, Jan 28, 2026
- ListingThu, Jan 29, 2026
IPO Reservation
KRM Ayurveda IPO offers total 57,40,000 shares. Out of which 25,74,000 (44.84%) allocated to QIB, 10,32,000 (17.98%) allocated to QIB (Ex- Anchor), 7,80,000 (13.59%) allocated to
NII
18,12,000 (31.57%) allocated to RII and 15,42,000 (26.86%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 5,74,000 (10.00%) |
| QIB Shares Offered | 25,74,000 (44.84%) |
| − Anchor Investor Shares Offered | 15,42,000 (26.86%) |
| − QIB (Ex. Anchor) Shares Offered | 10,32,000 (17.98%) |
| NII (HNI) Shares Offered | 7,80,000 (13.59%) |
| − bNII > ₹10L | 5,20,000 (9.06%) |
| − sNII < ₹10L | 2,60,000 (4.53%) |
| Retail Shares Offered | 18,12,000 (31.57%) |
| Total Shares Offered | 57,40,000 (100.00%) |
IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,70,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,70,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,05,000 |
S-HNI (Max) | 7 | 7,000 | ₹9,45,000 |
B-HNI (Min) | 8 | 8,000 | ₹10,80,000 |
IPO Anchor Investors
KRM Ayurveda IPO raises ₹20.82 crore from anchor investors. KRM Ayurveda IPO Anchor bid date is January 20, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jan 20, 2026 |
| Shares Offered | 15,42,000 |
| Anchor Portion (₹ Cr.) | 20.82 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Feb 21, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Apr 22, 2026 |
About KRM Ayurveda Ltd.
Incorporated on 3 September 2019, KRM Ayurveda Ltd. is operating a network of hospitals and clinics across multiple cities in India as well as marked its presence in abroad through telemedicines consulting and sales.
They manufacture Ayurvedic products, herbal and botanical remedies, medicines, supplements and possibly skin care / wellness related items.
Presently, the company runs 6 (Six) Hospitals and 5 (Five) Clinics at different locations in the country.
Hospitals and Clinics are equipped with the following infrastructure & facilities:
- Beds, including general wards and premium rooms.
- Panchakarma treatment units.
- Herbal pharmacy and medicine preparation unit.
- Ayurvedic diet kitchen
- Consultation chambers for Vaidyas (Ayurvedic physicians).
- In-house yoga and meditation hall.
Services:
- In-Patient & Out-Patient Care: Treatment for chronic diseases, lifestyle disorders, and post-operative rehabilitation.
- Panchakarma Therapies: Detoxification and rejuvenation programs.
- Specialized Clinics: Orthopedic care, skin and hair care, women’s wellness, geriatric care.
- Wellness Packages: Stress management, weight management, preventive health plans.
- Medicinal Sales: Dispensary of in-house and certified Ayurvedic medicines.
- Diet & Lifestyle Counseling: Personalized nutrition and yoga consultation
As on December 31, 2025, the company have total of 443 employees operating under various departments.
Competitive Strengths:
- Skilled Ayurvedic physicians and certified therapists ensuring treatment quality.
- Centralized GMP-certified production of Ayurvedic medicines ensuring purity and efficacy.
- Trusted brand with loyal customer base and repeat clientele.
Company Financials (Restated Consolidated)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 78.12 | 66.79 | 43.91 | 39.48 |
| Total Income | 48.65 | 76.95 | 67.57 | 89.38 |
| Profit After Tax | 8.14 | 12.10 | 3.41 | 7.60 |
| EBITDA | 12.83 | 19.11 | 7.34 | 11.03 |
| NET Worth | 36.13 | 23.88 | 11.78 | 8.37 |
| Reserves and Surplus | 20.61 | 23.73 | 11.63 | 8.22 |
| Total Borrowing | 25.07 | 31.20 | 23.18 | 19.87 |
| Amount in ₹ Crore | ||||
IPO Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for Construction and Development of Telemedicine Operational Facilities | 13.67 |
| 2 | Purchase of CRM Software and Hardware Infrastructure | 1.42 |
| 3 | Human Resources | 5.44 |
| 4 | Repayment/Prepayment of loan | 12.50 |
| 5 | Working Capital Requirement | 22.90 |
| 6 | General Corporate Purposes |
Key Performance Indicator (KPI)
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 21.84% | 67.86% |
| ROCE | 21.84% | 43.33% |
| Debt/Equity | 0.69 | 1.31 |
| RoNW | 21.84% | 67.86% |
| PAT Margin | 16.83% | 15.80% |
| EBITDA Margin | 26.54% | 24.96% |
| Price to Book Value | 5.27 | 0.08 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.79 | 5.69 |
| P/E (x) | 17.32 | 23.73 |
| Promoter Holding | 92.16% | 67.28% |
| Market Cap | ₹287.02 Cr. |
- The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.
IPO Review
KRM Ayurveda IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 1 | 0 | 0 |
IPO Subscription Status
The KRM Ayurveda IPO is subscribed 74.27 times on January 23, 2026 6:19:21 PM (Day 3). The public issue subscribed 54.21 times in the individual investors category, 63.31 times in the QIB category, and 135.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category |
Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 63.31 | 10,32,000 | 6,53,38,000 | 58 |
| NII* | 135.37 | 7,80,000 | 10,55,85,000 | 16,637 |
| bNII (> ₹10L) | 166.53 | 5,20,000 | 8,65,95,000 | |
| sNII (< ₹10L) | 73.04 | 2,60,000 | 1,89,90,000 | |
| Individual Investor | 54.21 | 18,12,000 | 9,82,22,000 | 49,111 |
| Total | 74.27 | 36,24,000 | 26,91,45,000 | 65,806 |
Total Applications: 65,806
*Market Maker portion is not included to NII/HNI.
IPO Registrar
Skyline Financial Services Pvt.Ltd.
- 02228511022
- ipo@skylinerta.com
- Visit Website
IPO Lead Manager(s)
- NEXGEN Financial Solutions Pvt. Ltd. (Past IPO Performance)
Lead Manager Reports
- Lead Manager Performance Summary
- Lead Manager Performance Tracker
Contact Details
- +91- 9289101700
- compliance@krmayurveda.com
- Visit Website
IPO FAQs
KRM Ayurveda IPO is a SME IPO of 57,40,000 equity shares of the face value of ₹10 aggregating up to ₹77 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 1000.
The IPO opens on Wed, Jan 21, 2026, and closes on Fri, Jan 23, 2026.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in KRM Ayurveda IPO using UPI as a payment gateway. Zerodha customers can apply in KRM Ayurveda IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in KRM Ayurveda IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘KRM Ayurveda IPO‘ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
The KRM Ayurveda IPO opens on Wed, Jan 21, 2026 and closes on Fri, Jan 23, 2026.
KRM Ayurveda IPO lot size is 1000, and the minimum amount required for application is ₹2,70,000, with 2 lots being the minimum application size.
You can apply in KRM Ayurveda IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for KRM Ayurveda IPO will be done on Tuesday, January 27, 2026, and the allotted shares will be credited to your demat account by Wed, Jan 28, 2026. Check the KRM Ayurveda IPO allotment status.
The KRM Ayurveda IPO listing date is not yet announced. The tentative date of listing is Thu, Jan 29, 2026.
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