Overview

• The offer drew 13% subscription on Day 2, with 34,23,780 bids against 2,54,89,748 shares, according to exchange data.
• Retail reached 37% while QIBs and NIIs were at 9% and 6%, respectively, after the employees’ bucket was covered earlier in the day.
• The ₹3,000 crore issue is entirely an offer-for-sale by Embassy Buildcon and WeWork affiliate 1 Ariel Way Tenant, and it raised ₹1,348 crore from anchor investors ahead of the public offer.
• The price band is ₹615–₹648 per share with a minimum lot of 23 shares, with allotment slated for Oct 8 and listing planned for Oct 10 on the BSE and NSE.
• Grey-market quotes hovered around ₹5 above the cap price, implying roughly a 0.8% listing premium, though such indicators are unofficial.