Overview
- The offer totals about Rs 6,632 crore, comprising a fresh issue of up to Rs 1,060 crore and an offer-for-sale of roughly Rs 5,572 crore, implying a valuation of about Rs 61,700 crore at the top end.
- Investor allocation is set at 75% for QIBs, 15% for NIIs and 10% for retail, with a minimum retail bid of 150 shares (about Rs 15,000 at the upper band).
- Key dates include anchor bidding on Nov 3, public subscription from Nov 4–7, allotment on Nov 10, and a planned listing on Nov 12 on the BSE and NSE.
- Selling shareholders in the OFS include Peak XV, YC Holdings, Ribbit Capital, Tiger Global and Kauffman Fellows, and each of the four co-founders will sell up to 10 lakh shares.
- Pre-IPO signals are mixed, with a grey market premium near Rs 10 over the issue price even as dealers report a roughly 20% correction in unlisted trading to around Rs 120–125.