Overview

• The book-built offer totals Rs1,540.65 crore, comprising an Rs820 crore fresh issue and a Rs720.65 crore offer-for-sale
• SBI Life, Goldman Sachs, Nippon India Mutual Fund and other institutions subscribed for 1.34 crore shares at the upper price band of Rs517
• Retail investors, QIBs and non-institutionals will vie for allocations under the 10%, 75% and 15% quotas respectively when bidding opens on August 11
• A grey market premium of Rs16 per share points to a potential listing price near Rs533 on the BSE and NSE on August 19
• Proceeds will fund working capital and general corporate purposes as BlueStone builds on FY25 revenue of Rs1,770 crore despite a Rs221.8 crore net loss