Overview

• The allotment status is set to be finalized on June 27 with updates available on NSE, BSE and MUFG Intime registrar websites
• By the end of bidding on June 26, the IPO was subscribed 2.31 times overall, led by QIBs at 3.12 times and followed by retail and non-institutional investors
• The issue of 3.84 crore shares at Rs 387–414 per share aims to raise Rs 1,590 crore to repay borrowings and fund general corporate purposes
• Refunds and share transfers to investors’ demat accounts are scheduled for June 30 ahead of the shares’ listing on both NSE and BSE on July 1
• A grey market premium of about Rs 3 per share points to a potential listing gain of roughly 0.72 percent from the upper price band