Anchor investors will subscribe to the 1,701-crore issue on October 30. With a price band of 308324, the IPO consists of a fresh issue of shares worth 365 crore and an offer-for-sale of up to 41.25 million shares, according to its updated filings.
"We'd be looking at selectively testing international markets, where we are seeing a lot of inbound interest," said Ghazal Alagh, co-founder and chief innovation officer, at a media briefing.
The company is seeing interest from the Gulf Cooperation Council countries such as Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE and south Asian nations like Nepal and Bangladesh.
Besides international expansion, a major part of the IPO proceeds will be used to expand offline distribution channels one of the growth drivers.
Denne historien er fra October 27, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra October 27, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Murdoch ally helps Ambani build media empire in India
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Samsung eyes ₹10,000 cr from India TV biz this year
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Microsoft AI Copilot speed boost for coding
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US, China debt pose risks for global public finances: IMF
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Language models in consumer tech
This move is designed to ensure better user experience & privacy
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Vi FPO: Foreign players invest big; about ₹5,400 crore raised
GQG, Fidelity buy almost 40% of the anchor investor portion
