Overview

• The offer drew bids for 43,75,69,560 shares against 67,21,048 on offer, according to NSE data on the final day.
• Subscription by category was 146.39 times for non-institutional investors, 47.10 times for retail, and 35.66 times for qualified institutions.
• The price band is Rs 115–121 for 95.95 lakh shares, including a fresh issue of 86.4 lakh and an OFS of 9.6 lakh, and the company raised Rs 35 crore from anchor investors, with shares to list on BSE and NSE.
• Net proceeds are earmarked primarily for working capital and general corporate purposes, and promoters Anil Kumar Jain, Abhinav Jain and Sandhya Jain are selling shares via the OFS.
• The grey market premium was reported at Rs 17 on Sept. 29, implying an estimated listing price near Rs 138, though such indications are unofficial.