Overview

• The basis of share allotment is expected to be finalised on October 20, with debit or mandate revocation messages due today or by October 23, and status checks available on BSE and KFin portals once activated.
• The Rs 451 crore offering, priced at Rs 1,014–1,065 per share with a lot size of 14, closed with heavy demand and an overall subscription of 87.89 times.
• Category bids were strong: QIBs 139.87x, NIIs 168.07x, retail 24.26x, and employees 24.44x, indicating tight allocation across segments.
• Estimated odds point to low chances of allocation, including roughly 1 in 20 for retail applicants and 1 in 40 for big HNIs, based on Business Today’s calculations.
• The unofficial grey-market premium has eased to about Rs 100–105 per share from earlier levels near Rs 175, signaling expectations of only modest listing gains.