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The ₹412-crore IPO comprised a fresh share issue of ₹180 crore and an offer for sale of 3.93 million shares by existing shareholders. As part of the offer for sale, Nilekani's family trust offloaded 1.44 million shares.
The issue, which opened for bids between March 1 and 3, was subscribed 5.44 times led by retail investors. The retail portion of the issue was subscribed 4.31 times, while the non-institutional investors and qualified institutional buyers portions were subscribed 1.4 times and 7.83 times, respectively.
In a pre-IPO share sale, the company raised ₹185.45 crore from 12 anchor investors, including Matthews Asia Funds, Aurigin Master Fund, ICICI Prudential, Nippon Life India Trustee, Aditya Birla Sun Life Insurance, and Quant MF, among others.
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Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price