Overview
- On Day 1, the issue drew bids for 67.1 lakh shares against 7.74 crore on offer, or 9% subscription, per NSE data.
- By Wednesday, subscription improved from about 0.11 times late morning to roughly 16% by mid‑afternoon, with retail at 55%, NIIs at 10% and QIBs at 6%, according to exchange snapshots cited by Business Today.
- The grey‑market premium has fallen from around ₹20 before launch to roughly ₹5 on Nov. 12, an unofficial indicator suggesting limited listing gains.
- Emmvee raised ₹1,305 crore from anchor investors by allotting over 6.01 crore shares to 55 entities at ₹217 apiece, including major domestic mutual funds and global institutions.
- The ₹2,900 crore offer comprises a ₹2,143.86 crore fresh issue and a ₹756.14 crore OFS in a ₹206–₹217 band, with 75% reserved for QIBs, and about ₹1,621 crore earmarked for debt reduction; bidding closes Nov. 13, allotment is due Nov. 14, and listing is targeted for Nov. 18 on BSE and NSE.