Overview

• The book-built offer runs September 22–24 with a Rs 400 crore fresh issue and a Rs 287.34 crore offer for sale.
• The price band is Rs 718–754 per share with applications in lots of 19 shares, implying a Rs 14,326 minimum at the top end.
• An unofficial grey market premium near Rs 142–143 on September 21 implied an estimated listing around Rs 896–897, though such indications are speculative.
• Fresh proceeds are earmarked for Rs 79.1 crore of debt repayment, Rs 210 crore for working capital, and about Rs 110 crore for general corporate purposes and issue costs.
• Allotment is expected on September 25 with refunds and demat credits on September 26 and a tentative NSE/BSE listing on September 29.