Overview
- By the end of Day 2, overall subscription stood at 13 percent, with retail at 49 percent, NIIs at 8 percent, and QIBs at 3 percent, according to exchange data.
- The book-built offer opened on January 13 and is slated to close on January 16, with the basis of allotment expected on January 19 and a listing targeted for January 21.
- The price band is set at Rs 343–361 per share, implying a valuation of over Rs 7,800 crore at the top end.
- The Rs 1,788.6 crore issue includes a Rs 816 crore fresh issue and a 2.7 crore-share OFS, with fresh proceeds earmarked for technology and cloud infrastructure, acquisitions, and corporate purposes across FY26–FY28.
- Anchor investors committed about Rs 805 crore ahead of the launch, while the latest grey-market premium tracked around Rs 26.5, indicating an estimated 7 percent listing upside at the cap price.