Overview
- Offer comprises a ₹3,100 crore fresh issue and a ₹380 crore OFS, with founders Alakh Pandey and Prateek Boob selling ₹190 crore each.
- Anchor bidding is slated for November 10, public subscription runs November 11–13, allotment is expected November 14, and listing is tentatively set for November 18.
- At the upper band, the company targets a valuation of about ₹31,169 crore, with a minimum retail lot of 137 shares and a ₹10 per-share discount for eligible employees.
- Use of proceeds includes about ₹460.5 crore for new centre fit-outs, ₹548.3 crore for lease payments, ₹710 crore for marketing, and ₹200.1 crore for server and cloud infrastructure, plus investments in subsidiaries.
- FY25 revenue was about ₹2,886.6 crore with a narrowed net loss of ~₹243 crore, while Q1 FY26 loss widened to ~₹125.5 crore as revenue grew; grey-market quotes indicate roughly a ₹9 premium that is not a listing guarantee.