Overview

• The ₹200 crore offering comprises 1.44 crore fresh shares and 36 lakh sale shares priced at ₹105–111 each, with 50% reserved for QIBs, 35% for retail investors and 15% for NIIs in minimum lots of 135 shares.
• Anchor investors including Abakkus Asset Manager, Viney Growth Fund and Swyom India Alpha Fund were allotted 52.43 lakh shares at ₹111 apiece, totaling ₹58.20 crore.
• Grey market premiums of around ₹11 per share imply a potential 10% gain over the upper price band on listing.
• Net proceeds will fund working capital requirements, repay outstanding borrowings and support capital expenditure on a dry flowable plant in Haryana.
• Public subscription is open through June 30, with allotment slated for July 1 and shares set to debut on BSE and NSE on July 3.