Overview
- Investors bid for roughly 94.5 lakh shares against 67.5 lakh on offer, securing a 1.40× subscription by June 3 close
- Retail demand outpaced non-institutional and HNI bids over the three-day offer
- Fixed-price issue at Rs 50 per share comprised a fresh tranche of 35.52 lakh shares and an offer-for-sale of 31.98 lakh shares
- Grey market trades fell from a Rs 3 premium to par, signaling expectations of a flat listing
- Allotment is set to be finalised on June 4 with a BSE SME listing scheduled for June 6