Overview
- The IPO garnered overall subscription of 19.91 times by the close of bidding on November 3, according to exchange data.
- The grey market premium hovered around Rs 60–67 on Monday, implying an estimated listing range near Rs 645–652, though such indications are unofficial and volatile.
- The Rs 455.49 crore book-built issue was priced at Rs 557–585 per share and comprised about 78 lakh shares offered entirely via an offer-for-sale, so the company will not receive funds.
- Share allotment is expected to be finalised on November 4, with demat credits and refunds on November 6 and listing on the BSE and NSE slated for November 7.
- Brokerages highlighted strong brand leadership and export reach and the company raised roughly Rs 137 crore from anchor investors ahead of the offer.