Overview

• The IPO comprises 4.98 crore shares in a pure offer-for-sale, implying an issue size of about Rs 1,326 crore at the upper band, with no proceeds to the company.
• Promoters will sell existing shares: Canara Bank up to 2.59 crore and ORIX Corporation Europe about 2.39 crore.
• Anchor book opens on October 8, public subscription runs October 9–13, allotment is expected on October 14, and listing on BSE and NSE is likely on October 16.
• The price band is Rs 253–266 per share with a lot size of 56 shares, putting the minimum retail outlay at Rs 14,896 at the lower band.
• Up to 50% of the offer is reserved for QIBs, at least 35% for retail and 15% for NIIs; SBI Capital Markets, Axis Capital and JM Financial are lead managers, with MUFG Intime as registrar.