Overview
- The IPO was oversubscribed 100.69 times overall, with QIBs at 133.21x, NIIs at 72x and retail investors at 50.87x.
- The ₹1,300 crore offering consisted of a ₹500 crore fresh issuance alongside an ₹800 crore offer-for-sale.
- Allotment was finalized on August 1, and investors can confirm their share allocations through NSE, BSE or the MUFG Intime India registrar portal.
- Shares and refunds are scheduled to be credited on August 4 ahead of the stock’s debut on BSE and NSE on August 5.
- Grey market premiums near ₹300 imply an approximate 44.4% listing gain, and the company will use IPO proceeds to reduce debt and fund corporate needs.