Overview
- By late morning on Nov 6, total bids reached about 1.04–1.07 times the 36.48 crore shares on offer, according to NSE data.
- Retail was subscribed roughly 3.5–3.6 times, NIIs about 1.28–1.32 times, and QIBs stood at 0.10 times.
- Unofficial grey‑market quotes were about Rs 13–15 above the Rs 100 upper band, implying an indicative 13–15% premium and not a guaranteed outcome.
- The Rs 6,632.3 crore issue includes a Rs 1,060 crore fresh issue and an offer for sale of about 55.72 crore shares by existing investors.
- Bidding runs Nov 4–7, allotment is slated for Nov 10 with a planned Nov 12 listing, and anchors put in a little over Rs 2,984 crore including ADIA and Singapore sovereign capital.