IPO Details

IPO Open Date
05 Jun 2026
IPO Close Date
09 Jun 2026
Issue Size
Approx ₹55 Crores
Price Band
₹110 to ₹116 Per Share
Listing Price
₹92.80
Listing Percent
-20%

IPO Shares Offered

Category Shares Offered Amount (₹ Cr) Size (%)
Market Maker 2,37,600 ₹ 2.76 5.03%
QIB 21,54,000 ₹ 24.99 45.56%
Anchor 12,92,400 ₹ 14.99 27.33%
QIB (Ex Anchor) 8,61,600 ₹ 9.99 18.22%
NII* 6,46,800 ₹ 7.50 13.68%
bNII (> ₹10L) 4,30,800 ₹ 5.00 9.11%
sNII (< ₹10L) 2,16,000 ₹ 2.51 4.57%
Retail 15,09,800 ₹ 17.51 31.93%
Employee 1,80,000 ₹ 2.09 3.81%
Total 47,28,200 ₹ 54.85 100%

Basis of Allotment

Category Ex. Anchor Anchor Investor Total QIB Below ₹10L Above ₹10L Total NII Retail Employee Total
Allocation (No. of shares) 8,61,600 12,92,400 21,54,000 2,16,000 4,30,800 6,46,800 15,09,800 1,80,000 44,90,600
Allotment price (₹) 116 116 116 116 116 116 116 116 116
No. of applications 22 11 33 1,157 1,620 2,777 7,871 70 10,751
No. of shares applied 1,51,29,600 21,16,800 1,72,46,400 42,46,800 1,57,18,800 1,99,65,600 1,88,90,400 2,14,800 5,63,17,200
Amount collected (₹ Cr.) 175.50 Cr 24.55 Cr 200.06 Cr 49.26 Cr 182.34 Cr 231.60 Cr 219.13 Cr 2.49 Cr 653.28 Cr
No. of times subscribed 17.56 1.64 8.01 19.66 36.49 30.87 12.51 1.19 12.54
No. of shares allotted 8,61,600 12,92,400 21,54,000 2,12,400 4,28,400 6,40,800 15,09,600 1,80,000 44,84,400
No. of shares allotted 9.99 Cr 14.99 Cr 24.99 Cr 2.46 Cr 4.97 Cr 7.43 Cr 17.51 Cr 2.09 Cr 52.02 Cr
No. of allottees 18 11 29 60 119 179 629 70 907

Anchor Investors Allocation

Anchor Bid Date: 04 Jun 2026

Anchor Price: ₹116.00

Anchor as % of QIBs: 60.00%

S.No. Anchor Investor Shares Allotted Amount (₹ Cr) % within Anchor % of Issue
1
NAVBHARAT INVESTMENT TRUST-NAVBHARAT INVESTMENT OPPORTUNITIES FUND
NAVBHARAT 		2,59,200 ₹ 3.01 20.06 5.48
2
MINT FOCUSED GROWTH FUND PCC-CELL 1
MINT FOCUSED 		1,72,800 ₹ 2.00 13.37 3.65
3
WEALTHWAVE CAPITAL TRUST-WEALTHWAVE CAPITAL FUND
WEALTHWAVE 		1,69,200 ₹ 1.96 13.09 3.58
4
ASTRATINVEST QUANT TRUST-ASTRATINVEST QUANT LONG SHORT FUND
ASTRATINVEST 		86,400 ₹ 1.00 6.69 1.83
5
1008 BHARAT GROWTH FUND I
1008 BHARAT GROWTH FUND I 		86,400 ₹ 1.00 6.69 1.83
6
BIRCHWOOD MULTI STRATEGY FUND OPEN-ENDED PCC LTD.
BIRCHWOOD GLOBAL ALPHA FUND 		86,400 ₹ 1.00 6.69 1.83
7
PESB ALPHA FUND
PESB CAPITAL 		86,400 ₹ 1.00 6.69 1.83
8
RAGHAV NOVA FUND
RAGHAV NOVA FUND SCHEME 		86,400 ₹ 1.00 6.69 1.83
9
STEPTRADE REVOLUTION FUND
STEPTRADE 		86,400 ₹ 1.00 6.69 1.83
10
SUNRISE INVESTMENT TRUST-SUNRISE INVESTMENT OPPORTUNITIES FUND
SUNRISE 		86,400 ₹ 1.00 6.69 1.83
11
VIKASA INDIA EIF I FUND-INCUBE GLOBAL OPPORTUNITIES
VIKASA 		86,400 ₹ 1.00 6.69 1.83
Total 1,292,400 ₹ 14.97 100% 27.35%

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

Quick Links

SME IPOs