Overview
- Anchor bidding opens on January 19, public subscription begins January 20, and listing is expected on January 28.
- The offer totals Rs 1,907.2 crore, split between a Rs 1,000 crore fresh issue and a Rs 907.3 crore offer-for-sale.
- Selling shareholders include Flipkart, Eight Roads Investments, Qualcomm, Nokia Growth Partners, NewQuest, International Finance Corporation, and Mirae Asset.
- Allocation reserves about 75% for qualified institutional buyers, up to 15% for non-institutional investors, up to 10% for retail, with Rs 5 crore in shares for employees.
- RHP disclosures show a FY25 profit of Rs 6.4 crore after a prior-year loss, with operating revenue up 32% year-on-year to Rs 2,485 crore.