Overview
- Shares opened near ₹265 on BSE and NSE versus the ₹232 issue price and later hit the upper circuit to close around ₹318, a gain of roughly 37%.
- The ₹1,250 crore IPO combined a ₹500 crore fresh issue with a ₹750 crore offer for sale by existing shareholders.
- BSE data show overall bids at about 15.90 times the offer, led by Qualified Institutional Buyers at 25.29 times, with NIIs at 5.30 times and retail at 3.62 times.
- The company plans to use fresh proceeds for debt repayment and general corporate purposes.
- Allotment was finalised on September 29 with refunds and Demat credits on September 30, and the listing outpaced grey‑market indications of modest gains.