Overview

• Shares listed at Rs 162.25 on the NSE and Rs 161 on the BSE, a 56–58% premium to the Rs 103 issue price.
• Early trading pushed the stock higher, with reported prints around Rs 173–179 in opening deals.
• The Rs 1,900 crore offering was subscribed about 103.63–108.98 times overall, led by QIB demand near 140x with NIIs ~74x and retail ~39x.
• Market participants tallied bids worth roughly Rs 1.13–1.14 lakh crore against the issue size, among the largest tallies of 2025.
• The IPO comprised a fresh issue of about Rs 472 crore and an OFS of about Rs 1,428 crore, with proceeds earmarked for technology, cloud infrastructure, leases, marketing and general corporate purposes.