Overview

• Subscriptions run August 26–29, with allotment expected September 1, refunds and demat credit on September 2, and a tentative BSE/NSE listing on September 3.
• The offer totals Rs 772 crore, comprising a Rs 721 crore fresh issue (7.43 crore shares) and a Rs 51 crore offer‑for‑sale (0.53 crore shares) in a price band of Rs 92–97 with a lot size of 148 shares.
• About Rs 541 crore of the proceeds is earmarked for working capital requirements, with the remaining amount for general corporate purposes.
• Grey‑market trackers indicate a premium of roughly Rs 17–18 over the cap price, implying an estimated listing level near Rs 114, though such quotes are informal and can change.
• The EPC firm reports FY25 revenue up about 16–17% and modest profit growth, has completed 45 projects, is executing 44 more, and cites an active order book of roughly Rs 2,442 crore; Pantomath is lead manager and Bigshare is registrar.