Rs 67 crore-profit! Nandan Nilekani family trust to mint 370% return in IPO
The red herring prospectus (RHP) of the IPO shows that the weighted average cost of acquisition for Nilekani’s firm was Rs 125.28. Considering that shares would be allotted to IPO investors at the upper price band of Rs 590, Nilekani will make a neat profit of Rs 66.98 crore or 370% return from his investment of about Rs 18 crore.
