Overview

• The Rs 1,250 crore book-built offer comprises a Rs 500 crore fresh issue and a Rs 750 crore offer-for-sale at a price band of Rs 220–232 per share.
• Grey-market indications fluctuated around Rs 13–17 on Sept. 26, implying roughly a 5–8% listing premium; these quotes are unofficial and can change.
• Share allotment is scheduled for Sept. 29 with demat credits and refunds on Sept. 30 and the stock expected to list on Oct. 1.
• Retail investors faced a lot size of 64 shares (Rs 14,848) with higher minimums for small and large non-institutional categories.
• The non-ferrous metals recycler reported FY25 revenue of Rs 7,125.77 crore, up 60.9% year-on-year, and PAT of Rs 223.29 crore, up 36.3%.