Overview
- The Rs 3,000 crore issue closed Oct. 7 with overall subscription around 1.05 times, according to exchange-based reporting.
- Category split at close showed QIBs about 1.2 times, NIIs near 0.9 times and retail roughly 0.75 times, pointing to uneven interest.
- Grey-market pricing fell to nil on the final day, signaling expectations for a flat or only modest listing.
- The offer comprised 4.62–4.63 crore shares at Rs 615–648, with allotment due Oct. 8 and listing slated for Oct. 10 on BSE and NSE.
- Selling shareholders include promoter Embassy Buildcon LLP and WeWork affiliate 1 Ariel Way Tenant, after raising about Rs 1,348 crore from anchors; proxy firm InGovern also flagged governance and legal risks for investors to watch post-listing.