Overview

• By 12:58 p.m. IST on Oct. 13, overall subscription reached 0.96 times, led by retail at 1.18 times and non-institutional at 1.57 times, while QIBs were at 0.13 times.
• Unofficial grey‑market quotes of about Rs 8–10 suggest a listing premium of roughly 3–4% over the Rs 266 upper band.
• The offer is a 100% book‑built, pure offer‑for‑sale of about 4.99 crore shares, targeting Rs 1,326.13 crore within a price band of Rs 253–266.
• Existing shareholders Canara Bank and Orix Corporation Europe are the sellers, and the company will not receive proceeds from the sale.
• Share allotment is tentatively slated for Oct. 14 with a planned BSE/NSE listing on Oct. 16; the issuer raised nearly Rs 400 crore from anchor investors ahead of the offer.