Overview

• Shares opened at Rs 508.80 on the BSE and Rs 510 on the NSE, 1.5–1.3% below the Rs 517 issue price, and traded near Rs 508.80 around 9:50 am for a market value of about Rs 7,699 crore.
• The IPO drew 2.7 times overall bids across August 11–13 with QIB demand at 4.28x, retail at 1.35x, and NIIs around 55%, totaling roughly 1.09 lakh applications.
• The offer size was Rs 1,540.65 crore, including a Rs 820 crore fresh issue and a Rs 720.65 crore offer for sale, priced in a Rs 492–517 band with a 29‑share lot.
• Third‑party grey‑market indicators slipped to roughly Rs 0–2 by August 18, aligning with the flat‑to‑lower listing outcome.
• Proceeds from the fresh issue are earmarked for working capital requirements and general corporate purposes.