Overview
- Shares are slated to list on November 18 on both exchanges after allotments were finalized and refunds were processed ahead of the debut.
- The Rs 3,480-crore IPO was priced in the Rs 103–109 band, combining a Rs 3,100-crore fresh issue with a Rs 380-crore offer for sale by co-founders.
- Overall subscription closed at 1.81 times, including 2.70x by QIBs, 1.06x by retail, 0.48x by NIIs, and 3.49x in the employee tranche.
- Grey‑market readings diverged, with one tracker indicating roughly 13% implied gains and others pointing to a mid‑single‑digit premium, underscoring the unofficial and volatile nature of GMP.
- Proceeds are earmarked for marketing, lease payments for existing offline and hybrid centers, capital expenditure for new centers, and an investment in subsidiary Xylem Learning.