Overview
- Trading is scheduled to start at 10:00 am, with the offer priced at Rs 102 within a Rs 96–102 band.
- An unofficial grey-market premium of Rs 30–32 suggests an indicative listing near Rs 133, though such signals are informal and can shift quickly.
- The IPO drew 159.87x bids overall, including 190.96x from QIBs, 356.72–356.73x from NIIs, and 57.75x from retail investors.
- The Rs 306-crore offer comprised a Rs 210-crore fresh issue and a Rs 96-crore OFS; about Rs 159 crore is earmarked to repay borrowings, reducing promoter ownership to roughly 71%.
- Founded in 2012, the company makes maize-speciality products at a 750 tpd zero-liquid-discharge plant in Kishanganj, Bihar, and exports to Nepal and Bangladesh.