Overview
- Up to 4.89 crore shares, or about 9.9% of the company, will be sold via an Offer for Sale with no fresh equity issuance, according to the RHP.
- At the top end of the band, the issue values the firm near Rs 1.07 lakh crore, with expected proceeds to the seller of roughly Rs 10,000–10,300 crore.
- Anchor bidding is scheduled for December 11, with share allotment targeted for December 17 and listing on the BSE and NSE planned for December 19.
- A reservation of 24.48 lakh shares is allocated for eligible ICICI Bank shareholders as defined in the prospectus.
- The deal is handled by a broad syndicate of around 18 lead managers, and the company ranks among India’s largest asset managers by QAAUM.