Overview
- On the final day, investors bid for 1,51,11,151 shares against 56,32,899 on offer, taking overall subscription to 2.68 times, NSE data show.
- Qualified institutional buyers subscribed 8.46 times, while the non‑institutional and retail tranches ended at 77% and 20% respectively.
- The ₹1,087‑crore issue is an offer for sale of up to 80.43 lakh shares, so proceeds go to selling shareholders and not to the company.
- The price band is ₹1,287–₹1,352 per share, implying a valuation near ₹6,000 crore at the top end, after raising about ₹326 crore from anchor investors.
- IIT Bombay’s incubator SINE is selling 4,08,000 shares, expected to realise roughly ₹55 crore at the upper band, with shares slated to list on March 11.