IPO Details
IPO Open Date
20 Mar 2026
IPO Close Date
24 Mar 2026
Issue Size
Approx ₹₹1,842 Crores
Price Band
₹163 to ₹172 Per Share
Listing Price
₹160.00
Listing Percent
-6.98%
IPO Shares Offered
| Category | Shares Offered | Amount (₹ Cr) | Size (%) |
|---|---|---|---|
| QIB | 4,55,17,500 | ₹ 782.90 | 42.50% |
| Anchor | 2,73,10,500 | ₹ 469.74 | 25.50% |
| QIB (Ex Anchor) | 1,82,07,000 | ₹ 313.16 | 17.00% |
| NII | 1,36,55,250 | ₹ 234.87 | 12.75% |
| bNII (> ₹10L) | 91,03,500 | ₹ 156.58 | 8.50% |
| sNII (< ₹10L) | 45,51,750 | ₹ 78.29 | 4.25% |
| Retail | 3,18,62,250 | ₹ 548.03 | 29.75% |
| Employee | 53,55,000 | ₹ 92.11 | 5.00% |
| Total | 10,71,00,000 | ₹ 1,842.12 | 100% |
Basis of Allotment
| Category | Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | Retail | Employee | Total |
|---|---|---|---|---|---|---|---|---|---|
| Allocation (No. of shares) | 1,82,07,000 | 2,73,10,500 | 4,55,17,500 | 45,51,750 | 91,03,500 | 1,36,55,250 | 3,18,62,250 | 53,55,000 | 10,71,00,000 |
| Allotment price (Rs.) | 172 | 172 | 172 | 172 | 172 | 172 | 172 | 172 | 172 |
| No.of applications | 20 | 22 | 42 | 1,595 | 352 | 1,947 | 80,292 | 1,633 | 98,823 |
| No.of shares applied | 6,33,49,120 | 2,84,73,360 | 9,18,22,480 | 22,07,600 | 22,99,120 | 45,06,720 | 97,25,040 | 97,25,040 | 11,02,07,760 |
| Amount collected (Rs.cr.) | 1,089.60 | 489.74 | 1,579.35 | 37.97 | 39.54 | 77.52 | 167.27 | 13.82 | 1,894.88 |
| No.of times subscribed | 3.48 | 1.04 | 2.02 | 0.49 | 0.25 | 0.33 | 0.31 | 0.16 | 1.03 |
| No.of shares allotted | 6,14,04,220 | 2,73,10,500 | 8,87,14,720 | 22,07,600 | 22,99,120 | 45,06,720 | 97,25,040 | 8,42,880 | 10,71,00,000 |
| Amount (Rs.cr.) | 1,056.15 | 469.74 | 1,525.89 | 37.97 | 39.54 | 77.52 | 167.27 | 13.82 | 1,841.45 |
| No.of allottees | 20 | 22 | 42 | 1,595 | 352 | 1,947 | 80,292 | 1,633 | 98,823 |
Anchor Investors Allocation
Anchor Bid Date: 18 Mar 2026
Anchor Price: ₹172.00
Anchor as % of QIBs: -
| S.No. | Anchor Investor | Shares Allotted | Amount (₹ Cr) | % within Anchor | % of Issue |
|---|---|---|---|---|---|
| 1 |
LIFE INSURANCE CORP.OF INDIA
LIFE INSURANCE CORP.OF INDIA
|
61,04,720 | ₹ 105.00 | 22.35 | 5.70 |
| 2 |
NIPPON INDIA SMALL CAP FUND
NIPPON INDIA MUTUAL FUND
|
52,32,640 | ₹ 90.00 | 19.16 | 4.89 |
| 3 |
NIPPON INDIA POWER & INFRA FUND
NIPPON INDIA MUTUAL FUND
|
8,72,080 | ₹ 15.00 | 3.19 | 0.81 |
| 4 |
ICICI PRUDENTIAL DIVIDEND YIELD EQUITY FUND
ICICI PRUDENTIAL MUTUAL FUND
|
20,34,960 | ₹ 35.00 | 7.45 | 1.90 |
| 5 |
ICICI PRUDENTIAL PSU EQUITY FUND
ICICI PRUDENTIAL MUTUAL FUND
|
11,62,800 | ₹ 20.00 | 4.26 | 1.09 |
| 6 |
LIC MF LARGE CAP FUND
LIC MUTUAL FUND
|
5,81,440 | ₹ 10.00 | 2.13 | 0.54 |
| 7 |
LIC MF MULTI ASSET ALLOCATION FUND
LIC MUTUAL FUND
|
5,81,360 | ₹ 10.00 | 2.13 | 0.54 |
| 8 |
LIC MF UNIT LINKED INSURANCE SCHEME
LIC MUTUAL FUND
|
2,90,720 | ₹ 5.00 | 1.06 | 0.27 |
| 9 |
EDELWEISS AGGRESSIVE HYBRID FUND
EDELWEISS MUTUAL FUND
|
5,81,360 | ₹ 10.00 | 2.13 | 0.54 |
| 10 |
EDELWEISS RECENTLY LISTED IPO FUND
EDELWEISS MUTUAL FUND
|
5,81,440 | ₹ 10.00 | 2.13 | 0.54 |
| 11 |
BARING PRIVATE EQUITY INDIA FUND
BARING
|
14,53,520 | ₹ 25.00 | 5.32 | 1.36 |
| 12 |
EDELWEISS LIFE INSURANCE CO.LTD.
EDELWEISS LIFE INSURANCE
|
8,72,160 | ₹ 15.00 | 3.19 | 0.81 |
| 13 |
GENERAL INSURANCE CORP.OF INDIA
GENERAL INSURANCE CORP.OF INDIA
|
8,56,400 | ₹ 14.73 | 3.14 | 0.80 |
| 14 |
BNP PARIBAS FINANCIAL MARKETS-ODI
BNP PARIBAS
|
14,53,520 | ₹ 25.00 | 5.32 | 1.36 |
| 15 |
SOCIETE GENERALE-ODI
SOCIETE GENERAL
|
11,62,800 | ₹ 20.00 | 4.26 | 1.09 |
| 16 |
GOLDMAN SACHS BANK EUROPE SE-ODI
GOLDMAN SACHS
|
11,62,800 | ₹ 20.00 | 4.26 | 1.09 |
| 17 |
ASAS GLOBAL FUND INCORPORATED VCC SUB FUND
ASAS GLOBAL
|
5,81,440 | ₹ 10.00 | 2.13 | 0.54 |
| 18 |
RAJASTHAN GLOBAL SECURITIES PVT.LTD.
RAJASTHAN GLOBAL SECURITIES
|
2,90,740 | ₹ 5.00 | 1.06 | 0.27 |
| 19 |
LRSD SECURITIES PVT.LTD.
LRSD SECURITIES
|
2,90,720 | ₹ 5.00 | 1.06 | 0.27 |
| 20 |
ABUNDANTIA CAPITAL VCC-ABUNDANTIA CAPITAL III
ABUNDANTIA
|
2,90,720 | ₹ 5.00 | 1.06 | 0.27 |
| 21 |
CITIGROUP GLOBAL MARKETS MAURITIUS PVT.LTD.
CITIGROUP
|
5,81,440 | ₹ 10.00 | 2.13 | 0.54 |
| 22 |
SAINT CAPITAL FUND
SAINT CAPITAL
|
2,90,720 | ₹ 5.00 | 1.06 | 0.27 |
| Total | 27,310,500 | ₹ 469.73 | 100% | 25.49% |
Understanding IPO Subscription Status
What is Subscription Times?
Subscription times indicate how many times the IPO has been subscribed. For example, if subscription is 5x, it means the IPO received 5 times more applications than shares available.
Investor Categories
- QIB (Qualified Institutional Buyers): Large institutional investors like mutual funds, insurance companies, banks
- NII (Non-Institutional Investors): High net-worth individuals and corporates
- sNII: Small NII with investment above ₹2 lakhs but below ₹10 lakhs
- bNII: Big NII with investment above ₹10 lakhs
- Retail: Individual investors investing up to ₹2 lakhs
- Anchor Investors: Selected institutional investors who get allocation before IPO opens
How to Interpret the Data?
- Higher subscription times generally indicate strong demand
- Retail and NII oversubscription shows interest from individual investors
- QIB subscription reflects institutional confidence
- Day-wise data helps track momentum during the IPO period