Overview

• Shares opened at Rs 858.10 on the BSE and Rs 857 on the NSE versus the Rs 754 issue price, a gain of about 13.7–13.8%.
• By the close, the stock settled at Rs 823.35, up 9.19% from the issue price after touching an intraday high of Rs 863.70, valuing the company at about Rs 6,331 crore.
• The Rs 687.34 crore IPO, priced at Rs 718–754 per share with a lot size of 19, comprised a Rs 400 crore fresh issue and a Rs 287.34 crore offer for sale.
• Demand was strong at roughly 70–72 times overall, led by QIBs at about 194–195 times, with NIIs around 54–56 times and retail about 10–11 times.
• A pre‑listing grey‑market premium near Rs 114 pointed to a mid‑teens pop, while peer Ganesh Consumer Products showed a small negative GMP indicating a likely softer debut.