Overview
- Exchange data show bids for 49.48 million shares against 18.58 million on offer, taking overall subscription to 2.66 times at close on February 11.
- Qualified institutional buyers subscribed around 4.18 times, while non‑institutional and retail portions were just over 1 time each.
- The grey‑market premium has slipped to near‑flat levels of roughly Rs 2–3 per share, pointing to limited listing gains unless sentiment improves.
- The downsized Rs 2,833.9 crore offering comprised a fresh issue of about Rs 1,023.5 crore and an OFS of about Rs 1,810.4 crore, priced at Rs 857–900 with a lot size of 16 shares.
- Allotment is slated for February 12, refunds and share credits are expected by February 13, and trading is scheduled to begin on February 16 on the NSE and BSE.