Overview

• Retail investors bid 61.83 times their quota, while QIB and NII portions were subscribed 2.40x and 15.52x, respectively, per BSE data as of 10:03 a.m.
• The Rs 143-crore offer is a pure fresh issue of 2.47 crore shares priced at Rs 56–61, implying a post-issue valuation near Rs 550 crore at the top end.
• Grey-market quotes around Rs 10 suggest a potential premium listing of roughly 16% above the upper band, though such indications are unofficial.
• Proceeds are earmarked for fit-outs at new centres and repayment of borrowings, supporting a planned expansion of the flexible-workspace footprint.
• Listing is scheduled for Sept. 17 on NSE and BSE, with the company currently operating 28 centres across 11 Indian cities serving more than 250 clients.