Overview

• Final subscriptions reached 22.06 times overall, with bids for 8,21,31,312 shares against 37,23,404 on offer.
• Non-institutional investors were subscribed 35.48 times, qualified institutional buyers 35.35 times, and the retail tranche 8.71 times.
• The Rs 450 crore offer comprises a Rs 170 crore fresh issue (19 lakh shares) and a Rs 280 crore offer-for-sale (31 lakh shares) at a price band of Rs 846–890 with a lot size of 16 shares.
• Share allotment is slated for September 26 and the stock is scheduled to list on the BSE and NSE on September 30, with allotment checks available via Bigshare, BSE, and NSE portals.
• Grey market quotes around Rs 106–115 per share imply roughly 11–13% listing gains, which are unofficial, and the company plans to use Rs 81 crore for marketing and Rs 45 crore to repay debt after raising Rs 135 crore from anchors.