Overview
- The offer drew bids for 75,044,538 shares against 77,427,183 available, leaving the book at 0.97 times on the final day, per NSE data.
- Investor mix was uneven, with QIBs at 1.26 times, retail at 1.10 times, and non-institutional investors at 0.30 times.
- The grey-market premium slid from about Rs 20 early in the week to Rs 3 on Nov. 13 and to Rs 0 on Nov. 14, indicating expectations of a flat listing based on unofficial quotes from InvestorGain.
- The Rs 2,900 crore issue comprises a Rs 2,143.86 crore fresh issue and a Rs 756.14 crore OFS, priced in a band of Rs 206–217 with a lot size of 69 shares.
- Emmvee raised Rs 1,305 crore from anchor investors, and it plans to deploy a little over Rs 1,621 crore from the fresh issue toward debt repayment and general corporate purposes.