Overview
- Finalisation of the basis of allotment is scheduled for Monday, November 24, with refunds or mandate revocations expected by Tuesday and listing on BSE and NSE on Wednesday.
- Official data show overall subscription at 43.19 times, with bids of about Rs 15,910 crore across roughly 1.749 million applications.
- Investor-category tallies vary across reports, with one mapping showing NIIs at 101.69x, QIBs at 47.55x and retail at 15.62x, while another assigns 47.55x to retail and 15.62x to QIBs.
- The grey market premium was last indicated around Rs 8–10 per share, suggesting a modest 7–8% listing gain, though such signals are unofficial and can change.
- The offer priced at Rs 114–120 per share comprised Rs 180 crore of fresh issuance and a Rs 320 crore OFS; Anand Rathi is the lead manager and MUFG Intime is the registrar, with allotment status available on BSE, NSE and MUFG portals.