Overview

• Final day bidding closed with 53.78 times subscription across qualified institutional, non-institutional and retail investors.
• Grey market premium of Rs18-22 per share implies potential listing gains of roughly 13-16% over the Rs140 issue cap.
• The fresh issue of 1.57 crore shares in the Rs130-140 band raised Rs220 crore entirely through new equity.
• Proceeds include Rs77 crore earmarked for capacity expansion and Rs110 crore for working capital, with the balance for general corporate purposes.
• Allotment is scheduled for June 2 and shares are set to list on the NSE and BSE on June 4.