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The bookbuilding for the offering, which commenced on November 6, saw qualified institutional buyers (QIBs) swoop in on the last day and bid for six times the shares allocated to them.
Retail investors subscribed to their portion 1.14 times, while the portion reserved for employees saw 1.65x bidding.
Non-institutional investors, which include corporates and high net worth individuals (HNIs), bid for only 41% of the shares reserved for them.
This was the country’s second-largest IPO this year after Hyundai Motor India and saw significant interest from institutional investors.
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