Overview

• The Rs 839.28 crore book‑built offer comprised a Rs 750 crore fresh issue and a Rs 89.28 crore offer‑for‑sale in the Rs 472–496 price band with lots of 30 shares.
• Final subscription reached 71.92 times on the closing day, with QIBs at 159.22x, NIIs at 98.56x, and the retail tranche at 11x, according to exchange data.
• Unofficial grey‑market premiums hovered around Rs 109–115 on September 29, implying an estimated listing price near Rs 605–611 and potential gains of about 22–23%, though such indicators are speculative.
• The basis of allotment is expected on September 30, share credits and refunds on October 1, and a tentative listing on the BSE and NSE on October 3.
• Proceeds are planned primarily for working capital and capital expenditure, the issue secured roughly Rs 252 crore from anchor investors, and DAM Capital with SBI Capital Markets led the deal with Bigshare as registrar.