Key listing details
- Listing date and time: Tuesday, Oct 14, around 10:00 a.m. after pre‑open price discovery on both exchanges.
- Grey market colour: Unofficial GMP of roughly ₹370–₹418 implies an indicated ₹1,510–₹1,558 listing level, but sentiment can swing in the pre‑open auction.
- Offer context: ₹11,607 crore, 100% OFS by the parent; subscription ~54.0× overall with QIB ~166.5×, NII ~22.4×, and Retail ~3.5×, supporting a firm book build.
- Allotment and credit: Basis finalised on Oct 10; demat credits and refunds processed on Oct 13 ahead of listing.
What to watch at open
- Pre‑open order depth: Indicative equilibrium price and volume can diverge from GMP, especially if market tone softens or large sell orders appear.
- Institutional flow: Anchor and QIB behaviour in first hours often guides stability; heavy flipping can temper initial spikes.
- Circuit dynamics: Price discovery listing with a wide band initially; after equilibrium, standard circuit rules apply per exchange protocols.
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.