Overview
- Shares opened at Rs 140 on the BSE and NSE versus the Rs 124 issue price, a 12.9% gain that fell short of higher grey‑market indications.
- The Rs 921.81 crore offering was priced at Rs 118–124 and comprised a Rs 670 crore fresh issue and a Rs 251.81 crore offer for sale.
- Overall subscription reached 101.63 times with strong demand from qualified institutional buyers reported as the key driver.
- Allotment was finalized on Monday, with share credits and refunds processed on Tuesday ahead of the Wednesday listing.
- The lot size was 120 shares, implying a listing-day profit of Rs 1,920 for a single retail lot at the opening price.