Overview

• The company allotted 57.52 lakh shares to 17 anchor investors at Rs 423 apiece, raising Rs 243.3 crore, according to a BSE circular.
• The issue comprises a fresh issue of about 1.13 crore shares (~Rs 480 crore) and an offer for sale of ~78.7 lakh shares (~Rs 333 crore).
• Public subscription runs Sept. 23–25, with the basis of allotment expected Sept. 26 and a tentative listing on Sept. 30 on NSE and BSE.
• Fresh proceeds are earmarked for roughly Rs 198 crore of capex, Rs 300 crore of debt repayment, with the remainder for general corporate purposes.
• For FY25, revenue was about Rs 1,463 crore with PAT of Rs 222.32 crore, and the company reports roughly 31.9% market share in payment cards; an unofficial GMP of Rs 113 was reported and remains speculative.