Overview
- The subscription window runs November 19–21 with a price band of Rs 114–120 and a minimum lot of 125 shares (~Rs 15,000 at the cap).
- The offer comprises a Rs 180 crore fresh issue and a Rs 320 crore offer for sale by promoter Pedanta Technologies.
- Grey market quotes near Rs 15–16 as of November 18 are informal signals that imply an estimated listing around Rs 135–136 if market conditions hold.
- Anchor investors bought 1.25 crore shares at Rs 120, with participants including Bandhan Mutual Fund, BNP Paribas Financial Markets, Societe Generale and 360 One, valuing the company near Rs 1,380 crore at the top band.
- Proceeds are earmarked for land purchase and construction at Mysore, facility and IT upgrades, with tentative allotment on November 24 and listing on BSE and NSE on November 26; Anand Rathi is the book runner and MUFG Intime the registrar.