Overview
- The Rs 3,899.91 crore offer priced at Rs 210–221 comprised a Rs 2,080 crore fresh issue and a Rs 1,819.91 crore offer-for-sale.
- Final bids totaled 24.09 crore shares against 9.79 crore on offer, with QIBs subscribed about 4 times, retail 1.22 times and NIIs 0.30 times, per exchange data.
- An anchor round raised roughly Rs 1,754 crore from 71 investors, including global and domestic institutions cited in a BSE circular.
- Grey-market premium slid from a pre-launch peak near Rs 35 to Rs 0 by the close, signaling limited expected listing gains according to tracker data.
- Proceeds are earmarked for debt repayment, investments in overseas subsidiaries and IT/cloud infrastructure, as broker views stayed split on valuation and profitability.