Overview

• The price band is set at Rs 98–103 per share for a Rs 1,900 crore issue comprising a Rs 472 crore fresh issue and a Rs 1,428 crore offer for sale.
• Subscriptions run Sept. 10–12 with allotment expected Sept. 15 and a proposed listing on the BSE and NSE on Sept. 17.
• Category allocation is 75% for QIBs, 15% for NIIs and 10% for retail; the minimum application is 145 shares.
• Unofficial grey market indications hover near Rs 19 per share, implying an estimated listing price around Rs 122 at the top end, though such signals can change quickly.
• Proceeds from the fresh issue are earmarked for technology and cloud investments, office leases, marketing and general corporate needs, as the company reports a FY25 profit of Rs 239.77 crore on revenue of Rs 1,260.68 crore.