Overview
- By Thursday morning, overall subscription ranged from 2.09x to 2.49x, with retail at roughly 2.46x–2.89x, NIIs at about 4.03x–4.87x, and QIBs near 1% or 0.02x depending on the time stamp.
- The grey market premium hovered around Rs 15–15.5, implying an estimated listing near Rs 135–135.5, though such indications are speculative and unofficial.
- The Rs 500 crore offer comprises a Rs 180 crore fresh issue and a Rs 320 crore OFS in a Rs 114–120 price band, with a lot size of 125 shares; the window runs Nov 19–21, tentative allotment is Nov 24 and listing is slated for Nov 26.
- The vertical SaaS learning-and-assessment firm reported FY25 revenue of about Rs 248.8 crore and PAT of Rs 34.69 crore; proceeds are earmarked for a new Mysuru facility, upgrades to existing infrastructure and IT investments, plus general corporate purposes.
- Anchor investors committed about Rs 150 crore before launch, including Bengal Finance & Investment, 360 One Equity Opportunity Fund, Societe Generale, BNP Paribas Financial Markets and Bandhan Mutual Fund.