Overview
- The public offer drew 28.26 times bids, led by QIBs at 40.35x, with NIIs at 18.23x and retail at 7.54x, per exchange data.
- The Rs 7,278 crore issue combined a Rs 2,150 crore fresh sale with a Rs 5,128 crore offer‑for‑sale to fund store expansion, technology and cloud upgrades, brand building and potential acquisitions.
- A BSE circular shows 81.3 million shares were allotted to anchors at Rs 402 each for about Rs 3,268 crore, including buyers such as GIC, T. Rowe Price and BlackRock.
- Grey‑market indications have slipped from earlier highs to roughly a 9–11% premium, signaling modest debut gains; GMP is an unofficial sentiment gauge.
- Allotment is slated for Nov. 6 with listing on BSE and NSE on Nov. 10, after the offer logged about Rs 1.13 lakh crore in bids across more than 32 lakh applications.