Overview

• Shares opened at Rs 135 on the NSE and Rs 134 on the BSE versus the Rs 126 issue price.
• The mainboard offering was an all-fresh issue of 1 crore shares, raising Rs 126 crore in a Sept. 1–3 book build priced at Rs 120–126 with a 119-share lot.
• The IPO was oversubscribed about 82.6 times overall, with QIBs at 35.86x, NIIs at 209.42x, and retail at 54.98x on bids for 57.81 crore shares against 70 lakh on offer.
• The latest grey market premium was Rs 9 per share before listing, implying roughly 7% upside, with GMP data cited as unofficial and speculative.
• Proceeds are earmarked mainly for capacity expansion, including about Rs 70 crore for a SteriPort line and about Rs 30 crore for an SVP line at the Hariyala, Kheda, Gujarat facility.