Overview
- Shares listed at Rs 1,510 on the BSE and Rs 1,535 on the NSE versus the issue price of Rs 1,352, and closed at Rs 1,452.10 and Rs 1,451.10 respectively.
- Intraday trade hit a high of Rs 1,613.50, marking a gain of 19.34% at the day’s peak.
- The IPO was priced in a Rs 1,287–1,352 band with a lot size of 11 shares and was entirely an offer-for-sale, so the company will not receive proceeds.
- Overall subscription was 2.68 times, with QIBs at 8.46x, NIIs at 0.77x, retail at 0.20x, and the employee quota at 2.95x.
- Grey-market signals swung from a discount to a peak near Rs 90 and then faded before listing, diverging from the stock’s premium debut on the exchanges.