Overview
- The Rs 7,278 crore book-built offer is priced at Rs 382–402 per share, combining a Rs 2,150 crore fresh issue with a Rs 5,128 crore offer for sale.
- Day-one bidding closed fully subscribed at 1.13 times, including 1.42 times for QIBs, 1.31 times for retail, and 0.41 times for NIIs.
- The latest grey-market premium stands near Rs 85, indicating an estimated listing price around Rs 487 and an implied gain of roughly 21%, though GMP is unofficial and volatile.
- Anchor investors took 8.13 crore shares at Rs 402 for about Rs 3,268 crore, with 147 participants and broad mutual-fund involvement reported.
- Valuation remains a flashpoint, with commentary citing P/E ratios around 230–237 times and social-media critiques of profit quality, even as the offer remains open through November 4 with allotment slated for November 6 and a tentative November 10 listing on BSE and NSE.