KRM Ayurveda IPO is scheduled to open for subscription on January 21, 2026 and will close on January 23, 2026. The IPO will be listed on NSE SME, with a tentative listing date of January 29, 2026. The basis of allotment is expected to be finalised on January 27, 2026.
The IPO is a Book Build Issue, through which the company aims to raise approximately ₹77 crore. The entire issue consists of a fresh issue of equity shares, with a face value of ₹10 each. There is no Offer for Sale component in this IPO.
The price band for the KRM Ayurveda IPO has been fixed at ₹128 to ₹135 per share. Retail investors are allocated 35 percent of the issue, Qualified Institutional Buyers (QIBs) get 50 percent, and Non-Institutional Investors (HNIs) have a 15 percent reservation.
Contents
KRM Ayurveda IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | January 21, 2026 |
| IPO Close Date | January 23, 2026 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹128 to ₹135 per share |
| Issue Size | Approx ₹77 Crores |
| Fresh Issue | Approx ₹77 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
KRM Ayurveda IPO
Open: 19-21 Jan
Issue Size: ₹77 Cr.
Objective: Fund telemedicine build-out, tech upgrades, HR, loan repayment & working capital.
Exchange: NSE SME
KRM Ayurveda IPO Review
KRM Ayurveda IPO comes at a time when the ayurveda and wellness sector in India is witnessing steady demand, driven by rising health awareness and acceptance of alternative medicine. The company has reported strong profit growth in FY2025, with PAT increasing sharply compared to the previous year.
Revenue growth has also stabilised after a dip in FY2024. However, investors should note that SME IPOs carry lower liquidity and higher volatility. Considering the improving margins, expanding asset base, and use of IPO proceeds for business expansion and debt reduction, the issue may be considered by long-term investors with moderate risk appetite.
Track GMP: KRM Ayurveda IPO GMP Today
KRM Ayurveda IPO Market Lot
The minimum application size for KRM Ayurveda IPO is 2,000 shares, amounting to ₹2,70,000 at the upper price band.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹2,70,000 |
| Retail Maximum | 2 | 2,000 | ₹2,70,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,05,000 |
| S-HNI Maximum | 7 | 7,000 | ₹9,45,000 |
| B-HNI Minimum | 8 | 8,000 | ₹10,80,000 |
IPO Reservation
| Investor Category | Shares Offered | % of Shares |
|---|---|---|
| Anchor Investor | 15,87,000 Shares | 27.65% |
| QIB (Excluding Anchor) | 10,62,000 Shares | 18.50% |
| NII | 8,01,000 Shares | 13.95% |
| Retail | 18,66,000 Shares | 32.51% |
KRM Ayurveda IPO Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bidding Date | January 20, 2026 |
| Anchor Investors List | View PDF |
| Shares Offered | 15,87,000 Shares |
| Anchor Size | Not Disclosed |
| Lock-in End Date (50% – 30 Days) | February 26, 2026 |
| Lock-in End Date (50% – 90 Days) | April 27, 2026 |
KRM Ayurveda IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | January 21, 2026 |
| IPO Close Date | January 23, 2026 |
| Basis of Allotment | January 27, 2026 |
| Refunds Initiation | January 28, 2026 |
| Credit to Demat Account | January 28, 2026 |
| IPO Listing Date | January 29, 2026 |
| IPO Bidding Cut-off Time | January 23, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of KRM Ayurveda Ltd are Mr. Puneet Dhawan and Mrs. Tanya Dhawan.
| Particulars | Shares | % Holding |
|---|---|---|
| Promoter Holding Pre Issue | 1,55,20,800 | 92.16% |
| Promoter Holding Post Issue | 2,12,60,800 | 67.28% |
Objects of the Issue
The company intends to utilise the IPO proceeds mainly for expansion and strengthening its operational capabilities. A portion of the funds will be used for capital expenditure related to the construction and development of telemedicine operational facilities.
The company also plans to invest in CRM software and hardware infrastructure to improve operational efficiency. Funds will be allocated towards hiring and strengthening human resources, repayment or prepayment of existing borrowings, and meeting working capital requirements. The remaining proceeds will be used to support the company’s long-term growth objectives.
About KRM Ayurveda Ltd
KRM Ayurveda Ltd was incorporated on September 3, 2019 and is engaged in the manufacturing and delivery of ayurvedic products, herbal and botanical medicines, supplements, and wellness solutions. The company operates a network of hospitals and clinics across India and also provides telemedicine services, including international sales.
Currently, KRM Ayurveda runs 6 hospitals and 5 clinics across different locations. Its services include in-patient and out-patient care, Panchakarma therapies, specialised clinics, medicinal product sales, and diet and lifestyle counselling.
KRM Ayurveda IPO Company Financial Report
Amount in ₹ Crores
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 89.38 | 79.29 | 7.60 | 39.48 |
| 2024 | 67.57 | 62.85 | 3.41 | 43.91 |
| 2025 | 76.95 | 60.61 | 12.10 | 66.79 |
| Sep 2025 | 48.65 | 37.65 | 8.14 | 78.12 |
KRM Ayurveda IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | 67.86% |
| ROCE | 43.33% |
| EBITDA Margin | 24.96% |
| PAT Margin | 15.80% |
| Debt to Equity Ratio | 1.31 |
| Earnings Per Share (EPS) | ₹8.06 (Basic) |
| Price/Earnings Ratio | N/A |
| Return on Net Worth | 67.86% |
| Net Asset Value (NAV) | ₹1,602.40 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Jeena Sikho Lifecare Ltd | 8.86 | 76.58 | 31.28% | 142.24 | ₹110.10 Cr |
| Vaidya Sane Ayurved Laboratories Ltd | 3.07 | 93.20 | 5.12% | 59.85 | ₹3.22 Cr |
IPO Lead Managers
NEXGEN Financial Solutions Pvt. Ltd.
Company Address
| Particulars | Details |
|---|---|
| Company Name | KRM Ayurveda Ltd |
| Address | A-16, G T Karnal Road |
| City | North West Delhi |
| State | New Delhi |
| PIN Code | 110033 |
| Phone | +91-9289101700 |
| compliance@krmayurveda.com | |
| Website | https://www.krmayurvedaindia.com |
IPO Registrar
Skyline Financial Services Pvt. Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
KRM Ayurveda IPO FAQs
What is KRM Ayurveda IPO?
KRM Ayurveda IPO is an SME IPO through which the company plans to raise ₹77 crore. The IPO is priced in the range of ₹128 to ₹135 per share and will be listed on NSE SME.
When will KRM Ayurveda IPO open for subscription?
The IPO will open on January 21, 2026 and close on January 23, 2026 for QIB, NII, and retail investors.
What is the investor reservation in KRM Ayurveda IPO?
The allocation is 50 percent for QIBs, 15 percent for NIIs, and 35 percent for retail investors.
How can I apply for KRM Ayurveda IPO?
Investors can apply through ASBA using net banking, UPI through stock brokers, or by submitting an offline IPO application form via their broker.
What is the issue size of KRM Ayurveda IPO?
The total issue size is approximately ₹77 crore.
What is the price band of KRM Ayurveda IPO?
The price band is fixed at ₹128 to ₹135 per equity share.
What is the lot size for KRM Ayurveda IPO?
The minimum lot size is 2,000 shares, requiring an investment of ₹2,70,000 at the upper price band.
What is the KRM Ayurveda IPO allotment date?
The allotment is expected to be finalised on January 27, 2026.
When will KRM Ayurveda IPO be listed?
The IPO is expected to be listed on January 29, 2026 on NSE SME.
Expert Comment
KRM Ayurveda IPO presents a niche healthcare play in the ayurveda segment with visible improvement in financial performance and margins.
While the growth story looks promising, investors should factor in SME-specific risks such as liquidity constraints and price volatility. Suitable for informed investors with a long-term perspective and higher risk tolerance.
