Overview

• By 11:49 a.m. on Sept. 24, the offer was subscribed 0.72 times with retail at 0.98x, non‑institutional at 0.96x, and the employee quota at 1.66x.
• Day 1 closed at 0.41x overall, including 0.53x each for retail and non‑institutional tranches and 0.01x for qualified institutional buyers, according to exchange data.
• The Rs 745 crore issue consists entirely of fresh shares priced in a Rs 393–414 band and remains open for subscription through Sept. 25.
• The company secured a little over Rs 220 crore from anchor investors prior to the public offering.
• An unofficial grey‑market premium of about Rs 45 was reported on Sept. 24, implying roughly 11% listing gains, with tentative allotment on Sept. 26 and a proposed Sept. 30 listing on BSE and NSE.