Overview
- Shares listed at Rs 730 on the NSE and Rs 733.95 on the BSE, about 23% above the Rs 593 issue price.
- The stock touched an intraday high of Rs 795.80 (+34%) and ended around Rs 774 on both exchanges, implying a market value near Rs 8,739 crore.
- The Rs 895 crore offering was subscribed 93.71 times overall, including 213.08x by QIBs, 116.72x by NIIs and 15.65x by retail investors.
- The IPO comprised a Rs 95 crore fresh issue and roughly Rs 800 crore OFS by promoter shareholders, with about Rs 75.8 crore earmarked for machinery at Nandesari Facility 1.
- Grey-market indications of a 15–21% premium (roughly Rs 85–120 GMP) were broadly matched and exceeded on listing day.