Overview

• The book received bids for 26.84 times the shares on offer by Friday morning, with NIIs at 50.66x, retail at 21.93x and QIBs at 7.56x, according to exchange data.
• The Rs 148.5 crore offering is an all‑fresh issue of 1.5 crore shares priced at Rs 94–99 apiece.
• The grey market premium stood at Rs 17 on Sept 19 after quotes around Rs 22–23 earlier in the week, an informal indicator that can change before listing.
• The issue structure reserves 50% for retail, 30% for QIBs and 20% for NIIs, after raising about Rs 26.73 crore from anchor investors.
• About Rs 115 crore of proceeds are planned for repayment or prepayment of borrowings, with shares slated to list on BSE and NSE on Sept 24.