The portion for Qualified Institutional Buyers (QIBs) was subscribed 7.50 times, while those for Retail Individual Investors (RIIs) 8.70 times and…
The initial share-sale will be entirely an offer-for-sale (OFS) of 17,569,941 equity shares by promoters and existing shareholders.
The issue comprises a pure offer for sale (OFS) of 17.57 million shares by existing shareholders and promoters.
"The money will be used to fund the new store expansion as we feel the business has a strong foundation," Purohit Said.
The fund raise will be largely primary and the existing investors will decide on monetising part of their stake based on the incoming offer
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