Overview

• The offer included a ₹160 crore fresh issue and a ₹40 crore promoter sell-down by Om Prakash and Sanjay Aggarwal priced at ₹105–111 per share.
• Qualified institutional buyers subscribed 31.73 times, non-institutional investors 49.06 times and retail investors 14.97 times to the ₹200 crore issue.
• Grey market premiums near ₹12 point to a likely listing price of around ₹123 on debut, implying an approximate 10.8% gain.
• Proceeds from the fresh issue will support working capital, debt reduction and capacity expansion at its backward-integrated crop protection and nutrient manufacturing plants.
• Following allotment finalisation on July 1, shares will begin trading on the BSE and NSE on July 3.