Overview

• The ₹700 crore IPO comprised a fresh issue of ₹650 crore and a ₹50 crore offer-for-sale priced at ₹225–237 per share.
• Bids totaled over 21.24 crore shares against 1.71 crore on offer, driving a 12.41× overall subscription.
• Qualified institutional buyers subscribed 14.35×, retail investors 12.90× and non-institutional investors 8.27×.
• Registrar MUFG Intime India will credit shares and process refunds on July 29 for successful and unsuccessful applicants respectively.
• Grey market indicates a ₹5 per share premium, implying a potential listing gain of roughly 2 percent.