Overview
- Subscriptions run November 12–14 with a price band of Rs 378–397 per share and a retail lot size of 37 shares.
- The offer is an entirely offer-for-sale of 9.07 crore shares, so proceeds go to selling shareholders rather than the company.
- The anchor book saw 2.72 crore shares allotted at Rs 397 to 58 investors, with about 54% placed with domestic mutual funds.
- Up to 50% of the net offer is earmarked for QIBs, at least 35% for retail investors, and 15% for non-institutional investors.
- Allotment is slated for November 17, share credits and refunds for November 18, and a tentative listing on the BSE and NSE on November 19; grey market quotes signal a roughly 15–16% premium but are unofficial.