Overview

• Shares are scheduled to list on the BSE and NSE on October 10, with allotment completed on October 8.
• The Rs 3,000-crore IPO was an offer for sale of about 4.63 crore shares priced at Rs 615–648 each, with proceeds going to selling holders Embassy Buildcon LLP and 1 Ariel Way Tenant.
• Overall subscription reached 1.15 times, led by QIBs at 1.79 times, while retail was 0.62 times, NIIs 0.23 times, and the employees’ quota 1.87 times.
• The grey market premium stood at Rs 0 per InvestorGain, suggesting a listing near the upper band, though GMP is unofficial and indicative.
• Anchor investors committed Rs 1,348 crore ahead of the offer, and the issue was led by JM Financial, ICICI Securities, Jefferies India, Kotak Mahindra Capital, and 360 ONE WAM, with MUFG Intime as registrar.