Overview

• Shares opened at Rs 284.95 on NSE and Rs 285 on BSE versus the Rs 299 issue price, a discount of roughly 4.7–5%.
• The Rs 560.29 crore offering was a pure offer‑for‑sale of 18,738,958 shares.
• Overall subscription closed at 1.82 times with QIBs at 3.18x, NIIs at 1.26x and retail at 1.28x, drawing about 1.3 lakh applications.
• The grey‑market premium slipped from about Rs 15 during bidding to zero ahead of listing, foreshadowing limited listing gains.
• IIFL Capital Services and Motilal Oswal were the book‑running lead managers with Kfin Technologies as registrar, for a Bengaluru‑based digital transformation provider operating across India, SAARC and Southeast Asia.