Overview
- The Rs 455.49 crore issue comprises 77.86 lakh shares via a pure offer for sale, so all proceeds accrue to selling shareholders.
- Bidding runs from Oct 30 to Nov 3, with allotment expected on Nov 4 and a likely BSE/NSE listing on Nov 7, managed by IIFL Capital Services and ICICI Securities.
- Studds allotted 23,35,836 shares to anchor investors at Rs 585, raising about Rs 136.64 crore, led by domestic mutual funds.
- Grey‑market quotes hovered around Rs 53–55 on Oct 29, implying roughly 9% upside at the top band, though such indications are unofficial and can vary.
- At Rs 585 the implied FY25 P/E is about 33.1x; the company reported FY25 revenue of Rs 556.71 crore and net profit of Rs 69.64 crore, and SBI Securities issued a Subscribe call.