The IPO consists of a current topic of three.58 crore shares, aggregating Rs 1,666 crore, and a proposal in the marketplace of 5.44 crore shares, amounting to Rs 2,527.7 crore. The IPO was subscribed 30% as of Wednesday.
The value band ranges from Rs 440 to Rs 465 per share, with minimal lot sizes of 32 shares. Retail merchants can participate with a minimal funding of Rs 14,880, small non-institutional merchants with a minimal lot dimension of 14, and non-institutional merchants with a minimal of 68 heaps.
The company raised Rs 1,885 crore from anchor merchants on Monday, ahead of the IPO. Beneath the availability in the marketplace, SVF Frog, an affiliate of Softbank, will promote 2.03 crore equity shares and automaker Mahindra & Mahindra Ltd. will offload 28.06 lakh shares of the company. At current, Softbank holds a 25.55% stake in Brainbees Choices, and M&M owns a ten.98% stake throughout the multi-brand retailing platform.
Kotak Mahindra Capital Co., Morgan Stanley India Co., BofA Securities India Ltd., JM Financial Ltd., and Avendus Capital Pvt. could be the book-running lead managers for the issue.
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