Overview
- Shares opened at Rs 114 on the BSE and Rs 112 on the NSE versus the Rs 100 issue price, with intraday gains reported up to about 20%.
- The IPO drew strong demand at 17.60 times overall, led by QIBs at 22.02 times, NIIs at 14.20 times, and retail at 9.43 times.
- The offering totaled Rs 6,632.3 crore, combining a Rs 1,060 crore fresh issue with a Rs 5,572.3 crore offer for sale.
- Grey‑market indications had eased to roughly Rs 4–6 ahead of listing, yet the debut premium significantly topped those expectations.
- Fresh proceeds are earmarked for brand and performance marketing (Rs 225 crore), capital for the NBFC arm (Rs 205 crore), the margin‑trading entity (Rs 167.5 crore), and cloud infrastructure upgrades (Rs 152.5 crore), with the balance for acquisitions and corporate purposes.