Overview

• The IPO subscription window runs from August 19 to August 21 with allotment on August 22, refunds and share credits on August 25, and a tentative listing on BSE and NSE on August 26
• The fully fresh, book-built offer comprises 1.63 crore shares at a price band of Rs 240–252 per share to raise Rs 410.71 crore
• Grey market premiums of Rs 24–26 per share reported on August 18 suggest an unofficial listing upside of 9.5%–10.3%
• Net proceeds are earmarked for acquiring Supramax-category dry-bulk carriers from the secondary market and for pre-paying or repaying existing borrowings
• Retail investors must bid for a minimum of 58 shares (Rs 13,920), while sNII and bNII applications require 812 and 4,002 shares respectively, with Beeline Capital as book-running lead manager and Bigshare as registrar