Overview

• Exchange data show total bids of 2.53 crore shares against 1.35 crore on offer by the end of Day 2, with retail and non-institutional portions at 1.22 times each.
• The Rs 192.86–193 crore offering is an entirely fresh issue of 1.93 crore shares in a price band of Rs 95–100 with a minimum lot of 150 shares.
• Proceeds are earmarked for funding working capital requirements and general corporate purposes, according to the prospectus.
• The subscription window runs September 30 to October 3, with allotment expected October 6 and a tentative listing on BSE and NSE on October 8.
• Before opening, the company raised Rs 57.76 crore from nine anchor investors at Rs 100 per share, while the grey-market premium has eased to about Rs 5, an unofficial indicator.