Overview
- The Rs 6,632.3 crore offer priced at Rs 95–100 a share closed on November 7, with allotment due November 10 and listing planned for November 12 on the NSE and BSE.
- Exchange data showed overall bids around 1.85–1.88 times by late morning Friday, led by retail at about 5.5 times and NIIs near 2.7 times, while QIBs were at 0.2 times.
- Some intraday trackers later indicated higher demand, with reports of oversubscription near 3.5 times as bidding progressed on the final day.
- The grey-market premium softened to roughly Rs 10–11 per share, implying about 10–11% potential listing gains, though GMP readings are unofficial and volatile.
- Fresh proceeds are slated for cloud infrastructure, brand and marketing, and capital infusions into the NBFC and margin-trading units; the company also raised about Rs 2,984 crore from anchors including ADIA and the Government of Singapore.