Overview

• The book-built offer is an entirely fresh issue of 1.8 crore shares priced at Rs 393–414 each with a lot size of 36 shares.
• Subscriptions run from September 23 to 25, with the basis of allotment expected on September 26 and a tentative BSE/NSE listing around September 29–30.
• The company raised Rs 220 crore from anchors by allotting 53.2 lakh shares at Rs 414 to 15 investors.
• Top allocations went to HDFC Mutual Fund, Kotak Small Cap Fund, Quant Mutual Fund, Aditya Birla Sun Life Trustee, SBI Life Insurance, and Madhusudhan Kela-led Singularity, each receiving about 9.11% of the anchor book.
• Proceeds include about Rs 550 crore for long-term working capital, with the remainder for general corporate purposes, and grey market quotes pointing to a modest, speculative premium around Rs 24.