Overview
- Overall bids reached roughly 641.87 crore shares versus 36.48 crore on offer, with QIBs at 22.02x, NIIs at 14.20x, and retail at 9.43x.
- The Rs 6,632.3 crore offering was priced at Rs 95–100 and comprised Rs 1,060 crore fresh plus a large OFS, with proceeds earmarked for cloud infrastructure, brand marketing, capital to NBFC and MTF arms, and inorganic growth.
- Anchor investors committed about Rs 2,984 crore ahead of the launch, including allocations to Abu Dhabi Investment Authority, the Government of Singapore, and Norway’s Government Pension Fund Global.
- Grey‑market indications pointed to a low double‑digit premium that softened through the offer period, and trackers caution that GMP is an unofficial sentiment gauge rather than a listing guarantee.
- Share allotment is expected on November 10 and the stock is widely slated to list on the BSE and NSE on November 12, as the profitable market leader reports roughly Rs 1,824 crore FY25 profit and about a 26% retail-broking share.