Overview

• The Rs 80.18 crore book-built issue at Rs 161 per share closed on July 8 with cumulative subscription exceeding 160 times
• Grey market premiums of Rs 43-45 a share point to expected listing gains of about 27-33% on its BSE SME debut
• Allocation quotas for the 4.98 million shares were set at 18.78% for QIBs, 14.10% for NIIs, 32.88% for retail and 28.16% for anchor investors
• Proceeds will be used to clear debt, establish a new office and meet general corporate purposes
• The basis of allotment will be finalized on July 9, with share credits and refunds on July 10 ahead of the July 11 listing