Overview

• The book-building IPO of 61.98 lakh fresh shares was priced at Rs42–45 each and closed for bidding on May 30
• By 10:20 a.m. on the final day, subscriptions reached 8.69 times with qualified institutions bidding 2.4 times and non-institutional investors at 11.2 times
• Grey market data showed a premium of Rs14, signalling positive sentiment for listing gains
• The Kolkata-based B2B textile maker sells saris, suits and other cotton products through over 1,000 wholesalers across 31 states and union territories
• Allotment is slated for June 2, followed by refunds or share transfers on June 3 and a listing on the NSE SME platform on June 4