Overview

• Shares opened at ₹273.45 on the BSE and ₹272.10 on the NSE versus the ₹247 issue price, an initial premium of about 10–11%.
• The ₹451.31 crore IPO comprised roughly 1.83 crore shares sold entirely via offer-for-sale, so the company receives no proceeds.
• Overall subscription was 1.34 times, including QIB 1.05x, non-institutional 1.92x, retail 1.23x, and employees 3.88x, per exchange data.
• The pre-listing grey market premium hovered around ₹10–11, implying a 4–5% pop that the actual listing surpassed.
• After an early jump to ₹279.55, the stock eased to close near ₹248 on both exchanges, about 0.5% above the issue price.