IPO API for Developers

{
  "metadata": {
    "count": 1,
    "totalCount": 1,
    "limit": 5
  },
  "ipos": [
    {
      "searchId": "titanium-robotics-ipo",
      "companyName": "Titanium Robotics Solutions Ltd",
      "companyShortName": "Titanium Robotics",
      "sector": "Industrial Automation",
      "isSme": true,
      "symbol": "TITANROBO",
      "issueType": "Book Building",
      "lotSize": 800,
      "minPrice": 145,
      "maxPrice": 152,
      "issuePrice": 152,
      "issueSize": 285000000,
      "minBidQuantity": 1600,
      "faceValue": 10,
      "cutOffPrice": 152,
      "registrar": "Link Intime India Private Ltd",
      "allotmentDate": "2025-11-15T00:00:00",
      "dailyStartTime": "10:00:00",
      "dailyEndTime": "17:00:00",
      "lastBidPlaceTime": "16:45:00",
      "isAllotmentAnnounced": false,
      "preApplyOpen": true,
      "aboutCompany": {
        "yearFounded": "2012",
        "managingDirector": "Dr. Elena Sterling",
        "aboutCompany": "Titanium Robotics specializes in high-precision automated assembly lines for the semiconductor industry. Operating out of Bangalore's tech corridor, the company provides end-to-end robotic integration and custom AI-driven maintenance software for global manufacturing hubs."
      },
      "subscriptionRates": null,
      "pros": [
        "Strong R&D pipeline with 14 pending patents in tactile sensor technology.",
        "Robust 35% Year-on-Year revenue growth driven by expansion into Southeast Asian markets.",
        "Debt-free balance sheet with high liquid cash reserves for inorganic growth."
      ],
      "cons": [
        "High dependency on imported rare-earth components from restricted trade zones.",
        "Significant client concentration, with the top three electronics manufacturers contributing 65% of annual turnover.",
        "Highly competitive landscape with downward pressure on margins due to standardized low-cost robotic arms."
      ],
      "documentUrl": "https://www.google.com/search?q=https://investors.titaniumrobo.com/docs/rhp_final.pdf",
      "logoUrl": "https://www.google.com/search?q=https://api.placeholder.com/logos/titanium_robotics.png",
      "rtaLink": "https://www.google.com/search?q=https://registrar-portal.com/status/titanium",
      "startDate": "2025-11-10",
      "endDate": "2025-11-13",
      "listing": {
        "listingPrice": null,
        "listedOn": [
          "NSE",
          "BSE"
        ],
        "bseScripCode": "544001",
        "nseScripCode": "TITAN"
      },
      "status": "ACTIVE",
      "mediaCoverageLinks": null,
      "nseInfoUrl": null,
      "infoUrl": "https://www.google.com/search?q=https://titaniumrobo.com/ipo"
    }
  ]
}

                
{
    "searchId": "arohan-financial-ipo",
    "companyName": "Arohan Financial Services Ltd",
    "companyShortName": "Arohan Financial",
    "sector": "Microfinance (NBFC-MFI)",
    "isSme": false,
    "symbol": "AROHAN",
    "issueType": "Equity",
    "lotSize": 50,
    "minPrice": 190,
    "maxPrice": 205,
    "issuePrice": null,
    "issueSize": 8500000000,
    "minBidQuantity": 50,
    "faceValue": 10,
    "cutOffPrice": null,
    "registrar": "KFin Technologies Ltd",
    "allotmentDate": null,
    "dailyStartTime": "10:00:00",
    "dailyEndTime": "17:00:00",
    "lastBidPlaceTime": "16:30:00",
    "isAllotmentAnnounced": false,
    "preApplyOpen": false,
    "aboutCompany": {
        "yearFounded": "1991",
        "managingDirector": "Manoj Kumar Nambiar",
        "aboutCompany": "Arohan Financial is a premier NBFC-MFI focused on financial inclusion in low-income Indian states. They provide credit and insurance products to underserved populations, leveraging a technology-enabled infrastructure to manage scale and risk across Eastern India."
    },
    "subscriptionRates": null,
    "pros": [
        "Leading market position as the fifth largest NBFC-MFI in India with deep regional penetration.",
        "Scalable tech-driven infrastructure supporting a seasoned risk management framework.",
        "Highly experienced management team with expertise in microfinance and retail banking."
    ],
    "cons": [
        "High geographic concentration in West Bengal and Bihar, creating regional economic vulnerability.",
        "Regulatory risks associated with interest rate caps and changes in NBFC-MFI lending laws.",
        "Operational risks inherent in cash-intensive micro-lending and credit-worthiness assessment challenges."
    ],
    "documentUrl": "https://www.google.com/search?q=https://www.sebi.gov.in/filings/public-issues/feb-2021/arohan-financial-services-limited_49148.html",
    "logoUrl": "https://www.google.com/search?q=https://assets-netstorage.groww.in/stocks-ipo/logos/logos-72.png",
    "rtaLink": null,
    "startDate": "2026-01-12",
    "endDate": "2026-01-15",
    "listing": {
        "listingPrice": null,
        "listedOn": [
            "BSE",
            "NSE"
        ],
        "bseScripCode": null,
        "nseScripCode": null
    },
    "status": "UPCOMING",
    "mediaCoverageLinks": null,
    "nseInfoUrl": null,
    "infoUrl": null
}

                

                
{
  "metadata": {
    "count": 1,
    "totalCount": 1,
    "limit": 1
  },
  "ipos": [
    {
      "searchId": "abril-paper-tech-ipo",
      "companyName": "Abril Paper Tech Ltd",
      "companyShortName": "Abril Paper Tech",
      "sector": "Paper",
      "isSme": true,
      "symbol": null,
      "issueType": "FP",
      "lotSize": 2000,
      "minPrice": 61,
      "maxPrice": 61,
      "issuePrice": 61,
      "issueSize": 134200000,
      "minBidQuantity": 4000,
      "faceValue": 10,
      "cutOffPrice": null,
      "registrar": null,
      "allotmentDate": "2025-09-03T00:00:00",
      "dailyStartTime": "10:00:00",
      "dailyEndTime": "17:00:00",
      "lastBidPlaceTime": "15:50:00",
      "isAllotmentAnnounced": true,
      "preApplyOpen": false,
      "aboutCompany": {
        "yearFounded": "2019",
        "managingDirector": "Mr. Vipul Dobariya",
        "aboutCompany": "Abril Paper Tech is a manufacturer and supplier of sublimation heat transfer paper and related products. The company produces various grades of sublimation paper, including 30, 65, 75, and 90 grams per square meter (GSM), which are used in printing on textiles, garments, and other materials. \nAbril Paper Tech operates two coating lines at its facility in Surat, Gujarat, where it processes and supplies coated sublimation paper. The company sources raw materials locally, including paper and chemicals, to meet its production needs. It caters to customers across India and provides after-sales services to address any quality or printing issues."
      },
      "subscriptionRates": [
        {
          "category": "QIB",
          "categoryName": "Qualified Institutional Buyers",
          "subscriptionRate": 0
        },
        {
          "category": "NII",
          "categoryName": "Non-Institutional Investor",
          "subscriptionRate": 5.50574712643678
        },
        {
          "category": "RETAIL",
          "categoryName": "Retail Individual Investor",
          "subscriptionRate": 16.2183908045977
        },
        {
          "category": "TOTAL",
          "categoryName": "Total",
          "subscriptionRate": 10.36
        }
      ],
      "pros": [
        "Abril Paper Tech claims to have developed a distinctive coating quality for its sublimation paper, setting it apart from other manufacturers. The company uses natural shade raw materials across all grades and sizes, ensuring consistent high-quality production for long-term customers.",
        "The company operates in over 17 states and 2 Union Territories of India, with a diversified customer base spanning industries like printing, textiles, garments, hosiery, and home decor. This broad market reach reduces dependence on any single customer, fostering long-term relationships and repeat business.",
        "Abril Paper Tech claims to continuously innovate in coating technologies and paper quality to enhance print clarity, colour vibrancy, and durability. These advancements help the company maintain a strong competitive edge in the sublimation printing market.",
        "Abril Paper Tech offers a wide range of specialised products tailored to various industries such as textiles, ceramics, and promotional items. This customisation ensures that the company meets the specific needs of its customers, helping to foster loyalty and long-term partnerships.",
        "With a focus on timely shipments and flexibility in meeting demand fluctuations, Abril Paper Tech claims to have an efficient supply chain. This efficiency provides the company with a significant edge over competitors, ensuring reliable delivery.",
        "Abril Paper Tech claims to provide a good balance between high quality and competitive pricing, appealing to a broad range of customers.",
        "The company claims to use eco-friendly materials in its products and to reuse sublimation paper through a gumming process. This approach not only minimises waste but also supports environmental responsibility, helping Abril Paper Tech meet growing consumer demand for sustainable products.",
        "The company has reported a consistent increase in profit after tax (PAT) over the years. It increased from Rs 0.39 crore in FY23 to Rs 0.96 crore in FY24 and Rs 1.41 crore in FY25."
      ],
      "cons": [
        "Abril Paper Tech is dependent on third parties for the supply of essential utilities such as water, gas, and electricity at its manufacturing facilities. Any disruption in the supply of these utilities could adversely impact the company’s manufacturing operations, resulting in delays or non-delivery of products, loss of revenue, and potential damage to customer relationships.",
        "The company reported negative cash flow from operating activities amounting to Rs 3.17 crore in FY25, Rs 3.43 crore in FY24, and Rs 3.07 crore in FY23. This was mainly due to negative working capital, driven by an increase in trade receivables and inventories, which exceeded the profit earned by the company. If this trend continues, it could adversely affect the company’s financial condition.",
        "The company's sole manufacturing facility is located in Palsana, Surat, Gujarat. This geographic concentration increases the company’s exposure to region-specific risks.",
        "The company derives a significant portion of its revenue from Gujarat. It accounted for Rs 40.04 crore (65.73 percent) of the company’s total revenue in FY25, Rs 19.23 crore (76.53 percent) in FY24, and Rs 24.95 crore (98.81 percent) in FY23. This concentration of business poses region-specific risks for the company.",
        "The top 10 customers accounted for Rs 18.26 crore (29.97 percent) of the company’s total revenue in FY25, Rs 8.48 crore (33.75 percent) in FY24, and Rs 11.60 crore (45.91 percent) in FY23. Any loss of any of these customers, or failure to expand the customer base, could adversely affect the company’s operations and finances.",
        "The cost of raw materials, particularly base paper and coating compounds, accounts for more than 85 percent of Abril Paper Tech's revenue from operations. As the company relies heavily on paper rolls from manufacturers and dealers, any fluctuations in prices or supply shortages could significantly raise production costs. If the company is unable to pass on these increased costs to customers due to competitive pressures or other factors, its profitability could be hit.",
        "The top five suppliers accounted for Rs 39.61 crore (68.41 percent) of the company’s total purchases in FY25, Rs 13.00 crore (55.16 percent) in FY24, and Rs 18.79 crore (81.18 percent) in FY23. The top supplier alone accounted for Rs 15.38 crore (26.56 percent) of the company’s total purchases in FY25, Rs 5.05 crore (21.43 percent) in FY24, and Rs 7.11 crore (30.73 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.",
        "The company, its promoters, and directors are involved in various tax proceedings. Any adverse judgment in any of the cases could be detrimental to the company’s business prospects.",
        "As of FY25, the company had trade receivables of Rs 6.21 crore. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition."
      ],
      "documentUrl": "https://abrilpapertech.com/wp-content/uploads/2025/07/abril-paper-tech-limited-draft-prospectus-final.pdf",
      "logoUrl": "https://assets-netstorage.groww.in/stocks-ipo/logos/AbrilPaperTechLtd_83416089_95598.png",
      "rtaLink": "https://ris.kfintech.com/ipostatus/",
      "startDate": "2025-08-29",
      "endDate": "2025-09-02",
      "listing": {
        "listingPrice": 48.8,
        "listedOn": [],
        "bseScripCode": "544500",
        "nseScripCode": null
      },
      "status": null,
      "mediaCoverageLinks": null,
      "nseInfoUrl": null,
      "infoUrl": null
    }
  ]
}

                

{
    "searchId": "bharat-coking-coal-ipo",
    "companyName": "Bharat Coking Coal Ltd",
    "companyShortName": "Bharat Coking Coal",
    "sector": "Mining & Mineral products",
    "isSme": false,
    "symbol": "BHARATCOAL",
    "issueType": "EQUITY",
    "lotSize": 600,
    "minPrice": 21,
    "maxPrice": 23,
    "issuePrice": 23,
    "issueSize": 10711100000,
    "minBidQuantity": 600,
    "faceValue": 10,
    "cutOffPrice": null,
    "registrar": "KARVY",
    "allotmentDate": "2026-01-14T00:00:00",
    "dailyStartTime": "10:00:00",
    "dailyEndTime": "17:00:00",
    "lastBidPlaceTime": "16:50:00",
    "isAllotmentAnnounced": true,
    "preApplyOpen": false,
    "aboutCompany": {
        "yearFounded": "1972",
        "managingDirector": "Mr Manoj Kumar Agarwal",
        "aboutCompany": "Bharat Coking Coal Ltd (BCCL) is a wholly-owned subsidiary of Coal India Limited (CIL). It was incorporated in 1972 to mine and supply coking coal concentrated in mines located at Jharia, Jharkhand and Raniganj, West Bengal coalfields.\nBCCL was the largest coking coal producer in India in FY25 in terms of coking coal production. The company holds an estimated reserve of approximately 7,910 million tonnes of coking coal, as of April 1, 2024, making it one of the largest coking coal reserve holders in India. Bharat Coking Coal produces various grades of coking coal, non-coking coal and washed coals for applications primarily in the steel and power industries. As of September 30, 2025, it operated a network of 34 operational mines, including four underground mines, 26 opencast mines, and four mixed mines."
    },
    "subscriptionRates": [
        {
            "category": "QIB",
            "categoryName": "Qualified Institutional Buyers",
            "subscriptionRate": 310.81003423057
        },
        {
            "category": "NII",
            "categoryName": "Non-Institutional Investor",
            "subscriptionRate": 257.770854753755
        },
        {
            "category": "RETAIL",
            "categoryName": "Retail Individual Investor",
            "subscriptionRate": 48.5139457543808
        },
        {
            "category": "EMPLOYEES",
            "categoryName": "Employees",
            "subscriptionRate": 5.12212153747047
        },
        {
            "category": "SHA",
            "categoryName": "Shareholder",
            "subscriptionRate": 86.6769379428817
        },
        {
            "category": "TOTAL",
            "categoryName": "Total",
            "subscriptionRate": 146.39
        }
    ],
    "pros": [
        "Bharat Coking Coal was the largest coking coal producer in India in FY25 in terms of coking coal production. It accounted for 58.50% of the domestic coking coal production in FY25. As of March 31, 2025, India’s total coal resource is estimated at 389.4 billion metric tonnes, with coking coal resources amounting to 36.8 billion tonnes. Bharat Coking Coal holds 7.91 billion tonnes of these coking coal resources, as of April 1, 2024, making it the only source of prime coking coal in India.",
        "Bharat Coking Coal’s mines are strategically located in the Jharia and Raniganj coalfields, which have a vast reserve of coal resources. The company is a market leader in coking coal washery capacity in India, with an owned operational capacity of 13.65 million tonnes per annum (mtpa). The claim claims that its strategically located mines and large washeries represent a significant competitive advantage that enhances operational efficiency, reduces costs, and ensures high-quality coal production. ",
        "Since FY21, Bharat Coking Coal has strategically increased its production by adding capacity through incorporating heavy earth-moving machinery as part of its operations. This approach has helped it achieve a record high production of 39.11 million tonnes of raw coal in FY24, up 10.96% from the previous peak recorded in FY17.",
        "In FY24, Bharat Coking Coal recorded its highest raw coal offtake of 39.27 million tonnes. Further, in FY25, it achieved a record overburden (OB) removal volume while maintaining its second-highest coking coal production, just below the peak of FY24. OB is the overlying rock mass that needs to be removed to access coal seams in opencast mines. ",
        "Bharat Coking Coal operates across a total leasehold area of 288.31 square kilometres (sq km), covering 252.88 sq km of the Jharia coalfield and 35.43 sq km of the Raniganj coalfield.",
        "The company’s operational portfolio includes (i) opencast and underground mining projects, (ii) coal washeries, (iii) monetisation of old and idle coal washeries through the Washery Developer and Operator route; and (iv) restoration of operations in discontinued underground mines through the Mine Developer and Operator (MDO) model. The company also monetises its solar power projects through a combination of self-consumption and grid injection. ",
        "While long-term coal demand for power may decrease, Bharat Coking Coal’s coking coal remains essential for steel-making. It is expanding the washery capacity to increase the supply of washed, higher-grade coal and meet the anticipated growth in steel demand."
    ],
    "cons": [
        "The reserves mentioned in the RHP are estimates and may differ from the actual numbers. Also, some of these estimates have been prepared and classified in accordance with Indian Standard Procedure guidelines (the ISP Guidelines), which differ from international standards. Bharat Coking Coal’s future performance depends on, among other things, the accuracy of the estimates of its reserve and resource base. Any significant differences could impact the life of the company’s mining and related operations and finances.",
        "The company’s operations are entirely concentrated in the Jharia coalfield in Jharkhand and the Raniganj coalfield in West Bengal, which are critical sources of its coal production. This geographic concentration exposes the company to significant risks, including the potential depletion of coal reserves in these regions. The exhaustion of these finite coal reserves in the two regions could materially and adversely affect the company’s business, results of operations, financial condition, and cash flows.",
        "A significant portion of Bharat Coking Coal’s revenues is derived from the production of raw coking coal, which accounted for 77.20%, 75.72%, 75.75% and 74.79% of its revenue from operations in the six months ending September 30, 2025, FY25, FY24 and FY23, respectively. Any decline in demand for raw coking coal could adversely impact the company’s business, results of operations, financial condition and cash flows.",
        "As of September 30, 2025, the company had contingent liabilities amounting to Rs 3,598.59 crore. If a significant portion of these liabilities materialise, it could hit the company’s results of operations, financial condition and cash flows.",
        "The company’s business largely depends upon its top 10 customers, which accounted for 83.89%, 88.88%, 80.79% and 83.10% of its revenue from operations in the six months ending September 30, 2025, FY25, FY24 and FY23, respectively. The loss of any of these customers could hurt its business, financial condition, results of operations and cash flows.",
        "Bharat Coking Coal’s business depends on a few vendors providing contractual services. Any disruptions in the supply of services could adversely affect the company’s business, results of operations, financial condition and cash flows. For the period ending September 30, 2025, expenses on these top 10 vendors stood at Rs 1,740.46 crore, which was 65.09% of the total purchases from all vendors. For FY25, FY24, and FY23, the respective figures were Rs 3,576.07 crore (60.86%), Rs 2,631.27 crore (53.16%) and Rs 2,157.58 crore (49.63%).",
        "A portion of Bharat Coking Coal’s production and coal handling operations is conducted through third-party contractors, which exposes the company to fluctuations in contractual costs and risks relating to the quality of their services. In the six months ending September 30, 2025, FY25, FY24 and FY23, coal extraction conducted by third parties represented 84.21%, 78.47%, 74.93% and 72.04% of the company’s total coal extraction operations, respectively. The percentage of work done by third parties has been rising over the years. Investors should keep track of this metric and observe the cost-benefit for the company.",
        "Bharat Coking Coal is a wholly-owned subsidiary of Coal India Limited, and therefore, it relies on the support and resources provided by the latter. Any misalignment in strategic priorities or changes in Coal India’s overall strategy could affect Bharat Coking Coal’s long-term planning and operational stability, adversely impacting its business, results of operations, financial conditions and cash flows. ",
        "Bharat Coking Coal relies significantly on the performance of industries such as the power and steel industries for its business, as a majority of its coal is dispatched to these industries. For the period ended September 30, 2025, the power industry accounted for Rs 3,969.21 crore (75.46%) of its coal dispatch, while for FY25, FY24 and FY23, the figures were Rs 9,678.70 crore (73.98%), Rs 9,171.58 crore (69.68%), and Rs 8,018.42 crore (64.94%). The steel industry accounted for Rs 972.06 crore (18.48%), Rs 2,375.15 crore (18.15%), Rs 2,458.51 crore (18.68%), Rs 2,261.55 crore (18.31%), in the corresponding periods. Any slowdown in either of these industries could hurt its business and finances.",
        "The company is exposed to counterparty credit risk in the usual course of business dealings with its customers or vendors/third-party service providers. For the period ending September 30, 2025, FY25, FY24, and FY23, the company’s trade receivables stood at Rs 2,202.52 crore, Rs 1,847.76 crore, Rs 1,333.25 crore, and Rs 1,251.15 crore. Investors should note that the trend is rising. Also, the trade receivable days during the above periods stood at 60, 40, 25, and 36. Here too, the trend is rising from FY24. Though there are no bad debts written off, which is a healthy sign, past dues outstanding for more than six months, but not taken as impaired, during these periods stood at Rs 390.32 crore, Rs 373.78 crore, Rs 322.05 crore, and Rs 148.05 crore. This too has been rising consistently."
    ],
    "documentUrl": "https://bcclweb.in/newpdfs/Investor_relation/Red%20Herring%20Prospectus.pdf",
    "logoUrl": "https://assets-netstorage.groww.in/stocks-ipo/logos/BharatCokingCoalLtd_73867136_12380.png",
    "rtaLink": "https://ipostatus.kfintech.com/",
    "startDate": "2026-01-09",
    "endDate": "2026-01-13",
    "listing": {
        "listingPrice": 45,
        "listedOn": [
            "BSE"
        ],
        "bseScripCode": "544678",
        "nseScripCode": "BHARATCOAL"
    },
    "status": "Closed",
    "mediaCoverageLinks": null,
    "nseInfoUrl": null,
    "infoUrl": null
}