Overview

• Shares opened at Rs 296.10 on the NSE and Rs 295 on the BSE versus the issue price of Rs 322.
• The stock ended debut day nearly 9% lower, closing at Rs 294.30 on the NSE and Rs 293.95 on the BSE.
• The IPO was subscribed 2.67 times overall, led by NIIs at 4.34 times and QIBs at 4.18 times, with retail at 1.45 times and employees at 2.03 times.
• Pre-listing grey-market indications showed a negative GMP of about Rs -9, an unofficial signal that aligned with the discounted debut.
• At the listing price, a minimum retail lot of 46 shares translated to an estimated paper loss of about Rs 1,242.