Overview

• Shares opened at Rs 61 on both NSE and BSE and later traded around Rs 64, with exchanges showing a roughly 5% intraday gain.
• The IPO allotment was finalised on September 15, refunds and share credits were processed on September 16, and trading began on September 17.
• The issue comprised 2.35 crore new shares priced in a Rs 56–61 band, with no offer-for-sale component.
• Investor demand was intense, including about 164.7x subscription in the retail tranche, 87.97x for NIIs and 20.30x for QIBs, while overall subscription totals differed across reports.
• Pre-listing grey market quotes near Rs 8 implied a premium but the stock opened at the issue price, highlighting the speculative nature of GMP signals.