Overview

• At the top of the band, the issue would raise about Rs 15,511.87 crore, implying a post‑issue valuation of roughly Rs 1.31–1.38 lakh crore.
• The 47.58 crore‑share offer comprises a fresh issue of 21.00 crore shares and an OFS of 26.58 crore shares, with Tata Sons selling up to 23 crore and IFC 3.58 crore; OFS proceeds go to the sellers.
• Anchor bidding is slated for Oct. 3, the public subscription runs Oct. 6–8, allotment is expected Oct. 9, refunds and demat credits around Oct. 10, and listing on BSE and NSE on Oct. 13.
• Investor allocation is set at roughly 50% for QIBs, ~15% for NIIs, ~35% for retail, with up to 12 lakh shares reserved for employees; the minimum bid lot is 46 shares.
• Grey‑market premiums were quoted around Rs 25–31 per share, including Rs 27 on Sept. 30, suggesting modest listing gains, though GMP signals are unofficial and volatile.