Overview
- The issue was subscribed 9% on the first day, with retail at 32%, non-institutional at 6% and QIBs at 2%, according to NSE data.
- The grey market premium eased from about Rs 20 on Nov. 11 to roughly Rs 5 on Nov. 12, an unofficial indicator that can fluctuate.
- The Rs 2,900 crore offer comprises a Rs 2,143.86 crore fresh issue and a Rs 756.14 crore OFS, priced in a Rs 206–217 band.
- Emmvee raised Rs 1,305 crore from 55 anchor investors at Rs 217 per share, drawing participation from major domestic funds, insurers and global institutions.
- Most fresh proceeds are earmarked to repay about Rs 1,621 crore of debt, with a tentative listing on the BSE and NSE scheduled for Nov. 18.