In the grey market, Arcil shares were trading at a premium of 10.79 percent on September 10, according to InvestorGain. The grey market premium (GMP) is an unofficial indicator of market sentiment and should not be treated as a guaranteed listing gain or return.
The IPO comes with a price band of Rs 132-139 per share and will remain open for subscription until September 11. The issue is entirely an offer-for-sale (OFS), meaning Arcil itself will not receive any funds raised through the IPO.
Ahead of the public issue, the company raised Rs 219.89 crore through its anchor book. It allotted 1.58 crore equity shares to 21 institutional investors.
Several prominent global investors participated in the anchor allocation, including Goldman Sachs, Ashoka WhiteOak ICAV, Societe Generale, BofA Securities Europe and Integrated Core Strategies.
Domestic mutual funds also accounted for a significant portion of the anchor placement. Arcil allotted 81.29 lakh shares to 12 schemes managed by six fund houses — White Oak Capital, Aditya Birla Sun Life AMC, Bandhan Mutual Fund, Tata Mutual Fund, JM Financial Mutual Fund and Groww Mutual Fund.