Overview
- The offer drew bids for about Rs 1.13 lakh crore and was subscribed 28.26 times overall, led by QIB demand at 40.35 times with NIIs at 18.23 times and retail at 7.54 times.
- Grey-market quotes have eased to roughly Rs 38–42 over the issue price, signaling expectations of a sub‑10% listing pop despite strong institutional interest.
- Investors can check allotment on November 6 via NSE and BSE portals or the registrar MUFG Intime India, with trading set to begin on BSE and NSE on November 10.
- The Rs 7,278.02 crore IPO comprised a Rs 2,150 crore fresh issue and a Rs 5,128.02 crore offer‑for‑sale at a price band of Rs 382–402 per share.
- Anchor investors took 81.3 million shares at Rs 402 apiece for Rs 3,268 crore, with participation from global funds including GIC, T. Rowe Price, BlackRock, Goldman Sachs, Fidelity, Nomura, J.P. Morgan and Amundi.