Overview
- Investors placed bids for 96,53,94,000 shares worth about Rs 18,632 crore against a net offer of 13,44,000 shares.
- Subscription peaked at 1,517.95 times for NIIs, 801.19 times for retail, and 284.17 times for QIBs, taking overall demand to 718.30 times.
- The book-built issue totals about Rs 39–40 crore as a 20,20,200-share fresh sale in a Rs 183–193 band with 600-share lots, with share credits and refunds scheduled for Sept. 19.
- Grey market indications in recent sessions ranged around Rs 160–195 per share, which are unofficial signals, and SME listing-session gains are capped at 90%.
- Proceeds are earmarked for hiring and a Global Security Operations Centre in Ahmedabad; the company raised Rs 11.09 crore from anchor investors including North Star Opportunities Fund VCC, Vira AIF Trust’s Vira Bharat Opportunities Fund, and Nine Alps Opportunity Fund, while Vijay Kedia held a 7.2% pre-IPO stake.