Overview

• The Rs 143.35 crore offer is a fully fresh issue of 2.35 crore shares priced at Rs 56–61 each.
• By late morning on September 10, bids were roughly 1.8x–2.1x the shares on offer, led by retail subscriptions around 6x–7x, according to exchange data.
• Qualified institutions were about 1.1x subscribed while non‑institutional bids ranged from roughly 0.8x to fully covered early in the session.
• About Rs 63–65.15 crore was raised from anchor investors at Rs 61 per share, including Finavenue Growth Fund, Sunrise Investment Opportunities Fund, VPK Global Ventures Fund and Universal Sompo General Insurance.
• Funds are earmarked chiefly for new centre fit‑outs and deposits (~Rs 73.1 crore) and debt repayment (~Rs 35 crore), with allotment due September 15 and listing targeted for September 17 on NSE and BSE.