Overview
- Investors bid for 9,16,72,720 shares against 3,63,53,276 on offer, an overall subscription of 2.52 times, per exchange data.
- Retail was subscribed 3.17 times, QIB 3.04 times and NII 1.05 times.
- Allotment is set for December 11 with listing on December 15 on NSE and BSE, while the latest grey market premium was Rs 0, suggesting a flat debut.
- The issue totals about Rs 1,289 crore, including a fresh issue of Rs 377.18 crore and an OFS of roughly Rs 912 crore; Rs 580 crore was raised from anchor investors before the launch.
- Proceeds are earmarked for 117 new COCO stores, lease and licence payments, equipment purchases and marketing; FY25 total income was Rs 1,305 crore with a Rs 35 crore loss, and the six months to September 2025 showed a Rs 35.5 crore profit.