According to the red herring prospectus (RHP), the net proceeds from the new issue will be used by the company to finance the following: (i) acquisition of equipment for the expansion of its network infrastructure, amounting to ₹12,750 crore; this includes (a) the establishment of new 4G sites; (b) the augmentation of capacity at both existing and new 4G sites; and (c) the establishment of new 5G sites; (ii) payment of certain deferred payments for spectrum to the DoT and the GST thereon, amounting to ₹2,175 crore; and (v) the remaining amount for general corporate purposes.
Grey Market Premium is also OK OK!
Are you applying? or Any other thoughts?
in current market condition , it wont be wise to invest in any ipo/fpo unless 40% grey market premium.
Last Day Today , ACT accordingly. 😄
Final Subscription Data:
| QIB | NII | Retail | Total | |
| Day 1 | 0.67 | 0.31 | 0.07 | 0.29 |
| Day 2 | 1.03 | 0.83 | 0.14 | 0.54 |
| Day 3 | 19.31 | 4.54 | 1.01 | 6.99 |
QIB subscribed for whooping 19X, Retail is also full. Overall 7X is not bad.
Did anyone miss to apply for this one?
This was a great opportunity just to check whether there is any issue in your Demat, Broker, or Bank 😜
How many lots you applied in retail? Full and firm allotment and almost assured profit on Thursday. 😂
VI ha toh life jingaalaa 
We want Vi we want VI
Last hour applied 1 lot. Hope to get 20-25% benefit
The allotment is out, any unlucky one in the Retail category who has not gotten an allotment in this FPO? 😬
