Overview

• Basis of allotment is expected to be finalized on June 27, with successful applicants receiving debit confirmations or refunds by June 30.
• The public issue drew bids for 33.53 crore shares against 1.51 crore on offer, resulting in a 22.19 times overall subscription.
• Qualified institutional buyers led demand with a 64.23 times subscription, while non-institutional investors and retail subscribers booked their quotas 15.21 times and 2.14 times respectively.
• Grey market premium stands at about Rs 41, implying a listing price near Rs 441 per share, roughly 10.25% above the IPO price band of Rs 380–400.
• The IPO raised Rs 852.53 crore in total, with Rs 400 crore as a fresh issue earmarked for Rs 210 crore of debt repayment and Rs 104.5 crore to build an air separation unit.