Overview
- Shares listed on November 21 at a discount, opening at Rs 571.90 on the NSE and Rs 560 on the BSE versus the Rs 577 issue price.
- The stock rebounded intraday to as high as about Rs 633 on the BSE and settled at Rs 606.90 on the BSE and Rs 601.10 on the NSE.
- Closing levels left the company up roughly 4–5% on day one, with a market capitalisation near Rs 4,813 crore at the session end.
- The Rs 877.5 crore IPO comprised a Rs 345 crore fresh issue and an offer-for-sale of about 92.29 lakh shares, priced in a Rs 549–577 band.
- Investor appetite was strong with 52.95x overall subscription, even as a bullish grey market premium forecast contrasted with the initial on-exchange discount.