The IPO comprises a fresh issue of Rs 5,500 crore and an offer for sale (OFS) of 8.4 crore shares. Under the OFS, founder Bhavish Aggarwal will offload 37.9 million shares in the IPO. The portion reserved for retail investors was subscribed nearly three times, non-institutional investors 1.11 times and employees nearly nine times. But QIBs put in offers for only 40% of the shares offered to them. Read The Rest at :
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