Overview

• Shares are scheduled to debut on the BSE and NSE on August 26 following allotment finalised on August 22.
• Unlisted trading hovers around Rs 302–303 with a grey-market premium of about Rs 48 over the Rs 255 issue price, and market observers project a 15–20% premium at open.
• The offering drew roughly 74.80 crore bids for 0.78 crore shares, an overall subscription of about 95–95.7 times, led by QIBs at 272x, NIIs at 108x, and retail at 42x.
• The Rs 242.76 crore issue was priced in a Rs 237–255 band, comprising a Rs 217.21 crore fresh issue and a Rs 25.55 crore offer for sale.
• Proceeds are earmarked for debt repayment of about Rs 59 crore, working capital of roughly Rs 115 crore, and general corporate purposes, while the grocer operates 43 stores across Thane and Raigad.