Overview

• The ₹1,300 crore IPO consists of a ₹500 crore fresh issue and an ₹800 crore offer-for-sale across QIB, NII, retail and employee quotas.
• On July 28, 86.26 lakh shares were allotted to 54 anchor investors at ₹675 each, raising ₹582.3 crore from sovereign, global and private funds.
• Retail applications surged to 25.9× and non-institutional bids reached 17.9× on the final day of bidding while QIB demand remained subdued.
• Grey market premiums climbed to ₹280–285, pointing to an expected 42% upside when shares debut.
• Net proceeds are earmarked mainly for debt repayment and general corporate purposes, with allotment set for August 1 and listing on August 5 on BSE and NSE.