Overview

• The stock opened at Rs 436 on the BSE and Rs 432 on the NSE versus the Rs 423 issue price.
• Early gains reversed by the close, with shares ending at Rs 411.50 on the BSE and Rs 411.45 on the NSE, nearly 3% below the issue price.
• The Rs 813.07 crore IPO was oversubscribed 68.13 times, including 189.63 times in the QIB segment, 49.89 times for NIIs and 9.17 times for retail investors.
• Proceeds include about Rs 198 crore for capacity expansion and roughly Rs 300 crore for debt repayment, with the balance for general corporate purposes.
• A grey‑market premium of Rs 41 on listing day implied Rs 464 per share, a speculative signal that exceeded the actual debut pricing.