Overview

• The Rs 115–121 per-share offering targets about Rs 116.15 crore and will accept bids Sept. 25–29 with allotment tentative on Sept. 30 and listing aimed for Oct. 3 on the BSE and NSE.
• The issue comprises a fresh issue of 86.36 lakh shares and a promoter offer-for-sale of 9.6 lakh shares, with retail applications starting at a lot size of 120 shares.
• Proceeds from the fresh issue are earmarked primarily for working capital needs up to Rs 72.68 crore, alongside general corporate purposes.
• Anchor investors allotted 28.78 lakh shares at Rs 121 include Nomura Singapore, HDFC Bank, Viney Growth Fund, Steptrade Revolution Fund, Santosh Industries and Swyom India Alpha Fund.
• The exporter of new and refurbished construction machinery reported FY2025 total income of Rs 3,427.37 crore and net profit of Rs 409.24 crore, and third-party data showed a grey-market premium near Rs 42 on Sept. 24, while reports differ on whether GYR acts alone or with Bigshare as bookrunner.