"iifl-securities"

Out of the total allocated shares to anchor investors, about 52,54,614 equity shares (i.e., 45.36 per cent shares) were allocated to 10 domestic mutual funds, amounting to Rs 433.50 crore

This also marks the highest fund-raising through IPOs in last three years.

The IPO aggregating up to Rs 760 crore is entirely fresh issuance of equity shares and proceeds of the issue would be mainly used to pay debt.

The issue proceeds will be used mainly for repayment of debt. As stated in the DRHP, the company may consider a discount for eligible employees bidding for the reservation portion.