Overview

• The issue drew bids for 62.2 crore shares against 24.81 lakh on offer, resulting in a 250.65× oversubscription
• Non‐institutional investors led demand with a 317× subscription, followed by retail at 263× and QIBs at 179×
• Investors can verify their allotment status on the Bigshare Services portal or BSE website starting July 25 using PAN or application details
• A grey market premium of ₹210 implies an estimated listing price of about ₹460, indicating potential gains near 84%
• Proceeds from the ₹93.75 crore IPO will finance new machinery, strengthen working capital and support general corporate purposes