The IPO consists of a recent subject of three.58 crore shares, aggregating Rs 1,666 crore, and a proposal on the market of 5.44 crore shares, amounting to Rs 2,527.7 crore. The IPO was subscribed 30% as of Wednesday.
The worth band ranges from Rs 440 to Rs 465 per share, with minimal lot sizes of 32 shares. Retail traders can take part with a minimal funding of Rs 14,880, small non-institutional traders with a minimal lot dimension of 14, and non-institutional traders with a minimal of 68 heaps.
The corporate raised Rs 1,885 crore from anchor traders on Monday, forward of the IPO. Below the supply on the market, SVF Frog, an affiliate of Softbank, will promote 2.03 crore fairness shares and automaker Mahindra & Mahindra Ltd. will offload 28.06 lakh shares of the corporate. At present, Softbank holds a 25.55% stake in Brainbees Options, and M&M owns a ten.98% stake within the multi-brand retailing platform.
Kotak Mahindra Capital Co., Morgan Stanley India Co., BofA Securities India Ltd., JM Monetary Ltd., and Avendus Capital Pvt. would be the book-running lead managers for the problem.
