Overview

• Finalisation of the basis of allotment is scheduled for September 4, with refunds/mandate updates expected by September 8 and a tentative listing on September 9 on BSE and NSE.
• The issue closed with an overall subscription of about 82.6 times, including 209.4 times for NIIs, 55.0 times for retail investors, and 35.9 times for QIBs.
• Unofficial grey‑market premium has cooled to roughly Rs 8–12 per share after peaking near Rs 25–29 during bidding, implying only modest potential listing gains.
• The IPO was entirely a fresh issue of 1 crore shares priced at Rs 120–126 apiece, with a minimum application size of 119 shares.
• Proceeds are earmarked largely for new SteriPort and small‑volume parenteral manufacturing lines in Hariyala, Kheda, Gujarat, with Beeline Capital Advisors as BRLM and MUFG Intime India as registrar.