Overview
- Thirty-three anchor investors subscribed to 2.97 crore shares at Rs 195 each, locking in Rs 580 crore before the public offer.
- The Rs 1,288.89 crore issue comprises a Rs 377.18 crore fresh issue and an offer for sale of 4.68 crore shares.
- The IPO opens December 8 and closes December 10 with a price band of Rs 185–195, a lot size of 76 shares, allotment on December 11, and a tentative listing on December 15 on BSE and NSE.
- Grey market data on December 5 indicated a Rs 36 premium, implying an estimated listing price near Rs 231, though such indicators are unofficial.
- Recent financials show operating revenue of Rs 724 crore and net profit of Rs 35.6 crore in H1 FY26, following FY25 revenue of about Rs 1,274–1,305 crore and a net loss of roughly Rs 35 crore.