Overview
- Bids totaled about Rs 1.13 lakh crore across more than 32.56 lakh applications for the Rs 7,278 crore offering.
- Demand was led by institutions with QIBs at 40.35x, NIIs at 18.23x, retail at 7.54x, and employees at 4.96x.
- The issue comprised a Rs 2,150 crore fresh sale and a Rs 5,128 crore offer-for-sale in a Rs 382–402 price band.
- A BSE circular shows 81.3 million shares allotted to anchors at Rs 402 for Rs 3,268 crore, including GIC, T. Rowe Price, BlackRock, Fidelity and others.
- Grey-market quotes have fallen to roughly Rs 38–40 over the issue price, investors can check allotment on BSE, NSE and registrar MUFG Intime, and listing is slated for Nov 10 on both exchanges.