Overview
- Anchor allocation opens on November 6, public subscription runs November 7–11, and listing is slated for November 14 on the BSE and NSE.
- The offer combines a ₹2,080 crore fresh issue with an offer-for-sale of about 8.23 crore shares from holders including Peak XV Partners, PayPal, Mastercard, Temasek’s MacRitchie, Invesco and co‑founder Lokvir Kapoor.
- The company reduced both the fresh issue and OFS from its draft plan, with CEO Amrish Rau citing lower debt needs after recent reductions.
- Fresh proceeds include ₹532 crore for debt repayment, about ₹760 crore for IT, cloud and digital checkout devices, and ₹60 crore for overseas subsidiaries in Singapore, Malaysia and the UAE.
- Grey‑market reports indicate a positive premium of roughly ₹35–₹40 per share over the cap price, though observers caution these signals are sentiment‑driven and can change; FY25 was loss‑making while Q1 FY26 showed a small profit due to a tax credit.