Overview

• The issue was 28.46 times subscribed with bids for over 140 crore shares against 4.92 crore on offer
• Allotment was finalised on June 30, paving the way for refunds and share transfers to demat accounts on July 1
• Shares will debut on both the BSE and NSE on Wednesday, July 2
• The Rs 540 crore IPO comprised a Rs 440 crore fresh issue and a Rs 100 crore offer-for-sale managed by Nuvama Wealth Management and Motilal Oswal
• Grey market premium stands at Rs 14, pointing to an estimated listing price of Rs 96 per share