₹780-796 a share for its ₹1,398 crore initial share-sale, which will open for public subscription on Monday, December 13. The three-day initial public offering (IPO) will close on December 15.
The initial share-sale comprises fresh issuance of equity shares worth 600 crore and an offer for sale (OFS) of up to equity shares aggregating up to ₹798 crore by promoter and existing shareholders.
The company has cut the OFS size to ₹798 crore from ₹1,038.7 crore. The issue includes a reservation of equity shares worth ₹5 crore for the company's employees who will receive those shares at a discount of ₹78 per share to final issue price.