Overview

• The public issue totals 47.58 crore shares, comprising 21.00 crore fresh equity and 26.58 crore via offer for sale.
• Under the OFS, Tata Sons will sell about 23 crore shares and IFC will divest roughly 3.58 crore shares.
• The anchor book is scheduled for Oct. 3, subscriptions run Oct. 6–8, allotment is expected Oct. 9, and listing is targeted for Oct. 13 on BSE and NSE.
• Investor allocation is roughly 49.87% to QIBs, 14.96% to NIIs, 34.91% to retail, and about 0.25% for employees, with a lot size of 46 shares.
• Grey‑market indications around Rs 20–31 point to an estimated 6–9% premium to the top of the band, while the IPO pricing sits well below recent unlisted‑market levels.