Overview

• The Rs 3,000 crore offering is an offer for sale of about 4.63 crore shares priced at Rs 615–648 with no fresh equity issuance.
• The IPO was subscribed 0.04 times on the first day, with muted interest continuing into the second day of the Oct. 3–7 window.
• Grey-market quotes were about Rs 5 above the cap price on Oct. 6, implying roughly 0.77% potential listing gains, though such indications are unofficial.
• Share allotment is scheduled for Oct. 8 and listing is planned on the BSE and NSE on Oct. 10.
• Selling shareholders include promoter Embassy Buildcon LLP and investor 1 Ariel Way Tenant, with a minimum bid of 23 shares for retail and higher thresholds for NIIs.