6 crore shares at ₹95‑₹100. 5 lakh per share. Three days into the book‑building phase, the issue has been booked at 55% of the total allotment, with retail investors accounting for 81% of the subscription.
The company’s Gaurav Management Partners (GMP) has indicated a potential listing price rise of around 16%, a figure that could lift the stock above the 30‑day moving average of the Nifty 500’s textile cluster. Such a strong retail pull is a sign that domestic investors are still keen on mid‑cap textile names despite the recent sell‑off in the Nifty 50. 8 trillion, placing it among the top 100 Indian mid‑caps.
However, the company’s earnings growth and margin profile will be under scrutiny once trading commences. Allotments will be made on 28 August, with the shares expected to hit the NSE SME exchange on 1 September. Investors should monitor the first‑day close for any volatility, as the sector may influence the broader Nifty 500 movement in the coming weeks.