Overview
- Shares listed on Nov 18 at ₹145 on the NSE and ₹143.10 on the BSE versus the ₹109 issue price, then climbed intraday to about ₹162—roughly a 49% gain at the day’s high.
- The ₹3,480 crore IPO comprised a ₹3,100 crore fresh issue and a ₹380 crore offer for sale, priced in a ₹103–₹109 band.
- Overall subscription was about 1.8x, led by Qualified Institutional Buyers at roughly 2.7x, with retail near 1.06x and NIIs around 0.48x; employees showed strong interest.
- Proceeds are earmarked for marketing (~₹710 crore), lease payments (~₹548 crore), fit-outs for new centres (~₹460 crore) and an investment in subsidiary Xylem Learning (~₹471 crore).
- The debut valuation was reported at about $5.2 billion, with anchor and institutional backing, and promoter ownership declining to roughly 72% post-issue.