Overview
- Shares opened at Rs 565 on the NSE (down 3.42%) and Rs 570 on the BSE (down 2.56%) versus the issue price of Rs 585.
- The stock later settled near Rs 560 on both exchanges, finishing a little over 4% lower after touching an intraday low of Rs 555.80 and implying a market value of about Rs 2,205.56 crore.
- The Rs 455–455.49 crore offering comprised roughly 78 lakh shares sold entirely by existing holders, with IIFL Capital and ICICI Securities as lead managers and MUFG Intime as registrar.
- Investor demand was strong at about 73.25 times overall, including QIBs ~160x, NIIs ~77x and retail ~22x, with a lot size of 25 shares and a price band of Rs 557–585.
- Pre‑listing grey‑market quotes suggested gains of roughly Rs 45 and had peaked near Rs 70, but those unofficial indications differed from the discount debut.