During the initial trade, 30-share BSE Sensex slumped 346.53 points or 0.46 per cent at 75,786.28, while the 50-share NSE Nifty dropped 95.85 points or 0.40 per cent to 23,683.30

The IPO will comprise a fresh issue of shares worth Rs 620 crore and an offer for sale (OFS) of shares worth Rs 205 crore by promoters