Overview

• The IPO secured 41.01 times overall subscription on August 1, fueled by robust interest across institutional, non-institutional and retail segments.
• Qualified Institutional Buyers led demand with 103.97 times subscription, while non-institutional investors subscribed 34.98 times and retail participants 7.73 times.
• Grey market premiums of around ₹135 per share imply an expected listing gain of roughly 17 percent on debut.
• Anchor investors including LIC and Abu Dhabi Investment Authority committed ₹1,201 crore ahead of the public offer’s launch.
• Final allotments are slated to be finalised by August 2 (or August 4 if delayed) with shares scheduled to list on the BSE and NSE on August 6.