The allotment of shares is expected to be confirmed by May 13, and shares should be deposited into investors’ demat accounts by May 14. The shares are scheduled to begin trading on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on May 15.
The IPO aims to raise Rs 1,550.81 crore and is entirely a book-built offering. It includes a fresh issue of 43 lakh shares raising Rs 400 crore, and an offer-for-sale of 1.25 crore shares worth Rs 1,150.81 crore.
Proceeds from the new shares will be used to expand and enhance the platform, including adding new buyers and suppliers and funding potential acquisitions. A portion of the funds will also cover general corporate expenses.
The IPO’s book-running lead managers are Axis Capital Ltd, Jefferies India Pvt Ltd, Goldman Sachs (India) Securities Pvt Ltd, and Jm Financial Limited, with Kfin Technologies Ltd serving as the issue’s registrar.
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