A substantial amount of interest came from Qualified Institutional Buyers who subscribed 125 times their quota, while Non-Institutional Investors and Retail Investors also participated actively, subscribing 50.60 times and 26 times their shares, respectively.
The company, which operates a travel distribution platform, aimed to raise Rs 1,550.81 crore through the IPO, split between a fresh issue and an offer-for-sale. It intends to use Rs 260 crore for growth and platform enhancement, Rs 40 crore for potential acquisitions, and the rest for general corporate purposes. The anchor book raised Rs 696.51 crore just before the IPO, drawing investments from major global and domestic funds like Abu Dhabi Investment Authority, Fidelity Funds, and Goldman Sachs among others.
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