Overview
- The Rs 500 crore offering comprises a Rs 180 crore fresh issue and a Rs 320 crore offer for sale in a Rs 114–120 price band.
- By late morning on Day 1, bids covered roughly 27–40% of the shares on offer across investor categories.
- Unofficial grey-market quotes near Rs 15–16 suggest modest listing gains and have eased from earlier levels.
- The company raised Rs 150 crore from anchor investors at Rs 120 per share on November 18.
- Fresh proceeds target a new Mysore facility and IT upgrades, while analysts flag heavy reliance on Pearson for revenue even as FY25 PAT reached Rs 34.69 crore.