IPO Details
IPO Open Date
16 Mar 2026
IPO Close Date
18 Mar 2026
Issue Size
Approx ₹400 Crores
Price Band
₹304 to ₹320 Per Share
Listing Price
₹328.00
Listing Percent
2.5%
IPO Shares Offered
| Category | Shares Offered | Amount (₹ Cr) | Size (%) |
|---|---|---|---|
| QIB | 62,50,000 | ₹ 200.00 | 50.00% |
| Anchor | 37,50,000 | ₹ 120.00 | 30.00% |
| QIB (Ex Anchor) | 25,00,000 | ₹ 80.00 | 20.00% |
| NII | 18,75,000 | ₹ 60.00 | 15.00% |
| bNII (> ₹10L) | 12,50,000 | ₹ 40.00 | 10.00% |
| sNII (< ₹10L) | 6,25,000 | ₹ 20.00 | 5.00% |
| Retail | 43,75,000 | ₹ 140.00 | 35.00% |
| Total | 1,25,00,000 | ₹ 400.00 | 100% |
Basis of Allotment
| Category | Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | Retail | Total |
|---|---|---|---|---|---|---|---|---|
| Allocation (No. of shares) | 25,00,000 | 37,50,000 | 62,50,000 | 6,25,000 | 12,50,000 | 18,75,000 | 43,75,000 | 1,25,00,000 |
| Allotment price (Rs.) | 320 | 320 | 320 | 320 | 320 | 320 | 320 | 320 |
| No.of applications | 13 | 3 | 16 | 1,121 | 234 | 1,355 | 32,660 | 34,031 |
| No.of shares applied | 66,38,628 | 37,50,012 | 1,03,88,640 | 7,49,478 | 50,45,096 | 57,94,574 | 17,69,482 | 1,79,52,696 |
| Amount collected (Rs.cr.) | 212.44 | 120.00 | 332.44 | 23.98 | 161.44 | 185.43 | 56.62 | 574.49 |
| No.of times subscribed | 2.66 | 1.00 | 1.66 | 1.20 | 4.04 | 3.09 | 0.40 | 1.44 |
| No.of shares allotted | 45,04,245 | 37,50,000 | 82,54,245 | 7,49,478 | 17,26,795 | 24,76,273 | 17,69,482 | 1,25,00,000 |
| Amount (Rs.cr.) | 144.14 | 120.00 | 264.14 | 23.98 | 55.26 | 79.24 | 56.62 | 400.00 |
| No.of allottees | 13 | 3 | 16 | 1,121 | 234 | 1,355 | 32,660 | 34,031 |
Anchor Investors Allocation
Anchor Bid Date: 13 Mar 2026
Anchor Price: ₹320.00
Anchor as % of QIBs: -
| S.No. | Anchor Investor | Shares Allotted | Amount (₹ Cr) | % within Anchor | % of Issue |
|---|---|---|---|---|---|
| 1 |
SHINE STAR BUILD-CAP PVT.LTD.
SHINE STAR
|
12,50,084 | ₹ 40.00 | 33.34 | 10.00 |
| 2 |
CRAFT EMERGING MARKET FUND PCC-CITADEL CAPITAL FUND
CRAFT EMERGING MARKET FUND PCC
|
12,49,958 | ₹ 40.00 | 33.33 | 10.00 |
| 3 |
CRAFT EMERGING MARKET FUND PCC-ELITE CAPITAL FUND
CRAFT EMERGING MARKET FUND PCC
|
12,49,958 | ₹ 40.00 | 33.33 | 10.00 |
| Total | 3,750,000 | ₹ 120.00 | 100% | 30.00% |
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