Overview

• Shares opened at Rs 389 on the BSE and Rs 388.50 on the NSE, about 10.7–10.8% above the Rs 351 issue price.
• The IPO drew heavy demand with overall subscription reported around 68.5 times, including 74.24x from QIBs, 68.21x from NIIs and 51.69x from retail investors.
• The Rs 490 crore offering comprised a Rs 440 crore fresh issue and a Rs 50 crore offer for sale, priced in a Rs 333–351 band.
• At listing, the company’s market value was about Rs 2,888 crore, according to exchange data cited by PTI.
• Pre-listing grey-market quotes reported by trackers ranged around Rs 30–40 per share, signaling a positive but unofficial premium ahead of debut.