Overview

• The Rs 148.5 crore offering was a book-built fresh issue of 1.5 crore shares priced in the Rs 94–99 band.
• Overall bids were about 102 times the offer, led by strong demand from NIIs (~227x) and QIBs (~121x), with retail at ~48x.
• Investors can check allotment status via the BSE and NSE websites or the registrar KFin Technologies’ portal.
• The grey market premium is about Rs 13, implying an estimated listing near Rs 112, though GMP indications are unofficial.
• Arihant Capital Markets managed the issue and KFin Technologies is the registrar for the Ahmedabad-based TMT bar maker.