Overview
- Subscriptions stood at 0.62 times as of 10:00 a.m. on November 6, with retail at 2.18 times, NIIs at 0.63 times, and QIBs at 0.10 times.
- The price band is Rs 95–100 per share with a retail lot size of 150 shares, and the bidding window runs through November 7.
- The latest grey-market premium was Rs 14.75 per share, implying a notional listing price near Rs 114.75, though GMP is unofficial and speculative.
- Proceeds from the fresh issue target cloud infrastructure, brand and performance marketing, investments in material subsidiaries, and inorganic growth.
- Anchor placement raised a little over Rs 2,984 crore with reported participation from Abu Dhabi Investment Authority and the Government of Singapore, and listing is slated for November 12 after a November 10 allotment.