Overview

• Shares opened at Rs 188.50 on the NSE and Rs 187.70 on the BSE versus the Rs 165 issue price, reflecting 14.2% and 13.7% premiums.
• The IPO drew 60.31 times subscription overall, including 101.41x from QIBs, 82.58x from NIIs, and 27.26x from retail investors.
• The offer was a book-built fresh issue of 2.43 crore shares priced in a Rs 155–165 band, raising Rs 400.95 crore.
• Grey-market premium stood at Rs 26 on September 16, implying an estimated Rs 191 listing, though such indicators are speculative and the debut was slightly lower.
• Key milestones included bidding from September 10–12, allotment on September 15, Demat credits and refunds on September 16, and a retail lot of 90 shares costing Rs 14,850.