Seems AR will be not more than 25%. I thought BSE will have less bids but saw something startling. BSE itself have more than 200% bidding. Option to sell in open market must be considered.
BSE Total Bids: 8,68,97,818 https://www.bseindia.com/markets/publicIssues/BSEBidDetailsACQall.html?Scripcode=5687
NSE Total Bids: 1,25,31,030 https://www.nseindia.com/market-data/tender-issue-information?symbol=TCS&type=Active
BSE Total Bids: 8,68,97,818
https://www.bseindia.com/markets/publicIssues/BSEBidDetailsACQall.html?Scripcode=5687
NSE Total Bids: 1,25,31,030
https://www.nseindia.com/market-data/tender-issue-information?symbol=TCS&type=Active