Overview
- The offer comprises a Rs 3,100 crore fresh issue and an offer for sale of up to Rs 380 crore, with promoters Alakh Pandey and Prateek Boob partially selling shares.
- Key dates include anchor bidding on November 10, public subscription from November 11 to 13, allotment finalisation on November 14, and an expected listing on November 18.
- FY25 disclosures show operating revenue of Rs 2,886.6 crore, operating cash flow of Rs 506.9 crore, and adjusted operating profit of Rs 432 crore, implying a margin near 15%.
- The company remained loss-making with a FY25 net loss of Rs 243.7 crore, a sharp improvement from a Rs 1,131.1 crore loss in FY24.
- PW states it will deploy proceeds toward capital expenditures for new offline and hybrid centres, with Kotak Mahindra Capital as lead manager and MUFG Intime India as registrar.