Overview

• By 11:45 am on September 25, bids totaled 3.86 times the offer, with retail at 3.73x, non‑institutional at 8.36x, and QIBs at 0.72x.
• Grey‑market premium hovered around Rs 106–115 over the Rs 890 upper band—about 11–13%—based on market observers’ speculative quotes.
• The Rs 450 crore offer comprises a Rs 170 crore fresh issue and a Rs 280 crore offer‑for‑sale, priced at Rs 846–890 per share.
• Allotment is scheduled for September 26, and trading is expected to begin on September 30 on the BSE and NSE.
• Applications are in lots of 16 shares with a minimum retail outlay of Rs 14,240, and proceeds are earmarked for marketing, partial debt repayment, and general corporate purposes.