Overview
- The Rs 1,907.27 crore offer comprises a Rs 1,000 crore fresh issue and a Rs 907.27 crore OFS, priced at Rs 118–124 per share with a lot size of 120 shares, open January 20–22.
- Shadowfax allotted 6.90 crore shares to anchors at Rs 124, raising about Rs 856 crore from major domestic mutual funds and global institutions including ICICI Prudential MF, Nippon India MF, Motilal Oswal MF, Government Pension Fund Global, Societe Generale and HSBC.
- By later Day 1 updates, the issue was subscribed around 38–42%, with the retail tranche near or at full subscription, QIBs about 34% and NIIs in the mid-teens.
- Grey market indications eased to roughly Rs 5–6 on January 20 from about Rs 10–11 a day earlier, suggesting limited near-term listing upside.
- Funds are slated for network expansion, lease payments, branding and potential acquisitions, with allotment expected on January 23 and a tentative listing on January 28 on BSE and NSE.