Overview

• The shares opened at Rs 432 on the NSE and Rs 432.10 on the BSE versus the Rs 414 issue price, a roughly 4% premium.
• The stock hit an intraday high of Rs 458.50 and ended around Rs 445.6, up about 7.6% from the offer price.
• The IPO was an all‑fresh issuance of about 1.8 crore shares priced in the Rs 393–414 band.
• Subscriptions totalled 20.66 times, including 43.80x by QIBs, 28.60x by NIIs, 4.78x by retail investors, and 2.56x by employees.
• Grey‑market quotes near Rs 31 on listing day suggested a larger pop but are unofficial, while Rs 550 crore of proceeds is slated for long‑term working capital.