Overview
- Official exchange data showed bids for 5.31 crore shares against 9.79 crore on offer, taking overall subscription to 54% on Day 2.
- Category demand was led by retail at 87% and qualified institutional buyers at 64%, while non-institutional investors were at 12%, per NSE data.
- The grey market premium tracked near Rs 4 in morning updates, implying roughly a 1.8% listing lift over the Rs 221 upper band, with some trackers later quoting Rs 2.
- The Rs 3,899.91 crore offering is priced at Rs 210–221 and combines a fresh issue of about Rs 2,080 crore with an OFS of roughly Rs 1,819.9 crore.
- Anchor investors had committed about Rs 1,754 crore across 71 funds; the offer closes Nov. 11 with allotment due Nov. 12 and a tentative listing on Nov. 14.