Overview

• The company allotted 48.89 lakh shares at the upper ₹252 band to 15 anchor investors, including Bank of India funds and Morgan Stanley Asia
• The IPO comprises 1.63 crore fresh shares priced between ₹240 and ₹252 per share, targeting a total raise of ₹410.71 crore
• Proceeds will finance the acquisition of Supramax dry-bulk carriers, pre-repay existing borrowings and support general corporate purposes
• InvestorGain’s grey market reading on August 18 implies a listing price near ₹278, reflecting an estimated 10% gain over the issue’s upper band
• The subscription window runs August 19–21 with allotment on August 22, share transfers beginning August 25 and tentative listing on BSE and NSE on August 26