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The IPO comprised of an offer for sale by institutional investors including Avenue India, Federal Bank, Lathe Investment and SBI, aggregating to INR 7,350 million
The transaction also included a pre-IPO INR 0.50 billion secondary sale of equity shares by the selling shareholders.
The book running lead managers to the Offer were Axis Capital Limited, BofA Securities India Limited, JM Financial Limited, and Kotak Mahindra Capital Company Limited.