Overview

• Retail investors led demand with a 5.59 times subscription while non-institutional and institutional bids stood at 2.76 times and 1.20 times respectively.
• Anchor investors committed Rs225 crore by purchasing 1.01 crore shares at the Rs222 upper price band.
• The entirely fresh equity issue of 2.25 crore shares was priced at Rs210-222 per share to raise Rs499.6 crore.
• Shares are set to list on the BSE and NSE on June 25, with muted grey market gains pointing to a subdued debut.
• Proceeds will fund debt reduction, working capital needs and subsidiary investments after the company posted a nine-month net profit of Rs6.53 crore.