Overview

• Shares opened at Rs 330 on NSE and BSE, roughly 1.2% above the Rs 326 issue price, and ended about 1.3% higher after trading between Rs 326.15 and Rs 332.80.
• The fully book-built offer raised about Rs 15,511.87 crore, combining a Rs 6,846 crore fresh issue with an Rs 8,665.87 crore offer-for-sale.
• Overall subscription was about 1.95–1.96 times, led by Qualified Institutional Buyers at 3.42 times, with NIIs at 1.98 times and retail at 1.10 times.
• Anchor investors committed roughly Rs 4,642 crore before listing, with LIC the largest buyer at about 2.15 crore shares worth nearly Rs 700 crore.
• Management said proceeds will bolster capital for onward lending and signaled loan book expansion, targeting a potential doubling in three years, while monitoring credit costs and legacy vehicle-finance NPAs.