Overview

• Shares opened at Rs 104.90 on the NSE and Rs 105 on the BSE against the Rs 99 issue price.
• By the close, the stock hovered near the offer level, ending at Rs 99.65 on the NSE and Rs 99.75 on the BSE.
• The IPO drew strong demand at 102.26 times overall, including 120.8x from QIBs, 227.09x from NIIs, and 47.88x from retail, with bids of around Rs 12,450 crore.
• Unofficial grey-market indications of an Rs 11–13 premium signaled higher potential gains than the roughly 6% listing pop.
• The counter was placed in the BSE ‘T’ group with a 5% circuit filter and no intraday trading for the first 10 sessions.