Overview

• Shares opened at ₹1,715 on the BSE and ₹1,710 on the NSE versus the ₹1,140 issue price, delivering roughly 50% listing gains.
• Early profit-booking trimmed the debut pop, with the stock down about 3–4% intraday from the listing price before ending near ₹1,689, up about 48% for the day.
• The offer drew roughly 54 times overall subscriptions, led by heavy QIB interest reportedly at about 166 times.
• On listing, market capitalisation was reported at approximately ₹2.8 lakh crore.
• Brokerage Emkay Global initiated coverage with a Buy rating and a ₹2,050 target, as reports also differed on the deal’s size and structure, citing either ₹11,607 crore or a ₹15,000 crore OFS of about 10.18 crore shares.