Overview
- NSE data show bids for 59.82 crore shares against 36.48 crore on offer, taking overall subscription to 1.64 times by the close of Day 2 on Nov. 6.
- Category demand split: retail investors 5.02 times, non-institutional investors 2.26 times, and qualified institutional buyers 0.20 times.
- Grey market premium on Nov. 6 ranged roughly Rs 11–14.75 per share, indicating about 11–15% listing gains, though GMP is unofficial and speculative.
- The Rs 6,632.30 crore issue is priced at Rs 95–100, comprising a Rs 1,060 crore fresh issue and an OFS of about 55.72 crore shares; anchors put in ~Rs 2,984 crore, including ADIA and the Government of Singapore.
- Bidding closes Nov. 7, basis of allotment is slated for Nov. 10, and a tentative listing is set for Nov. 12, with fresh proceeds earmarked for cloud infrastructure, brand building, investments in subsidiaries, and inorganic growth.