Overview
- The anchor book opens on March 2, public bidding runs March 4–6, and share allotment and listing are targeted for March 9 and March 11, respectively.
- The offer comprises up to 80.43 lakh shares entirely via an offer for sale, so the company will not receive primary capital, with promoters and investors such as A91 Partners and Xponentia offloading stakes.
- The issue size is about ₹1,087 crore at the upper end, implying a projected market value close to ₹6,000 crore.
- Reports differ on the price band: Business Today cites ₹1,187–₹1,352 per share, while other outlets report ₹1,287–₹1,352 based on the company’s announcement.
- Investor allocation is 50% to QIBs, 15% to NIIs, and 35% to retail; the lot size is 11 shares, with an employee reservation of ₹1 crore at a ₹128-per-share discount.