Overview

• The ₹44.39 crore SME IPO offered 39.74 lakh fresh shares and 11.87 lakh offer-for-sale shares at an ₹86 price band.
• Demand surged from 4.87× on Day 1 to 19.50× on Day 2 before ending at 223.64× across retail, NII and QIB categories.
• Grey market traders placed the IPO at a 38.37% premium over the issue price, pointing to strong listing expectations.
• Proceeds will be used to bolster working capital, purchase construction equipment and fund general corporate purposes.
• Bidding closed June 27, with allotment set for June 30 and shares slated to list on July 2 on the NSE Emerge SME platform.