Overview
- Shares opened at Rs 52 on the NSE and near Rs 52 on the BSE, matching the issue price for a flat debut.
- The stock later rallied more than 12% intraday to around Rs 58.5, according to exchange data reported by PTI.
- The offering drew 26.59 times overall subscription, with NIIs ~52x, retail 27.86x, and QIBs 5.12x.
- The Rs 300.01 crore book-built issue was priced at Rs 48–52 and comprised a fresh issue of about Rs 274 crore and an OFS of roughly Rs 26 crore.
- Proceeds are earmarked for capex at subsidiary ALCU, debt repayment, and general corporate purposes, with Pantomath and IDBI Capital as lead managers and MUFG Intime India as registrar.