The IPO consists of two parts: a fresh issue of equity shares aiming to raise up to Rs 1,291 crore, and an offer for sale (OFS) where existing shareholders will offload up to 3.42 crore shares. Under the OFS, South Asia Growth Fund II Holdings LLC will sell the majority of shares, with South Asia EBT Trust and promoter Chiranjeev Singh Saluja also contributing to the sale.
