IPO Snapshot
Timeline: November 6-8, 2024 (Opening and Closing Dates), Allotment on November 11, Listing on November 13
Financial Highlights (as of June 30, 2024):
Revenue: ₹3,310.11 crore
Net Loss: ₹611.01 crore
Total Assets: ₹10,341.24 crore
Net Worth: ₹7,444.99 crore
Price and Lot Details:
Price Band: ₹371 to ₹390 per share
Face Value: ₹1 per share
Lot Size: 38 shares
Minimum Investment: ₹14,820 (at the upper price band)
Issue Size: ₹11,327.43 crore, with ₹4,499 crore as fresh issue and ₹6,828.43 crore in Offer for Sale (OFS)
Pre-IPO Valuation: Approximately $12 billion
Subscription Details:
Overall Subscription: 3.59 times
QIBs: 6.02 times
NIIs: 0.41 times
RIIs: 1.14 times
Employees: 1.65 times
Post-IPO Shareholding:
Pre-IPO Shares: 2,123,066,748
Post-IPO Shares: 2,238,425,722
Dilution Due to Fresh Issue: Approximately 5.15%
Utilization of Proceeds:
Investment in Subsidiary (Scootsy): ₹982 crore
Expansion of Dark Store Network: ₹755.4 crore
Lease/License Payments for Dark Stores: ₹423.3 crore
Technology and Cloud Infrastructure: ₹703.4 crore
Brand Marketing and Business Promotion: Allocated funds for enhancing brand awareness
Debt Repayment: Partial repayment of certain borrowings
Inorganic Growth: Funding for potential acquisitions
Listing Performance:
Listing Date: November 13, 2024
Listing Price: ₹420 per share
Closing Price on Listing Day: ₹456 per share
Market Capitalization Post-Listing: Over ₹1 lakh crore
Investor Allocation:
Qualified Institutional Buyers (QIBs): 75%
Non-Institutional Investors (NIIs): 15%
Retail Individual Investors (RIIs): 10%
Employee Reservation: 750,000 shares at a ₹25 discount per share