IPO Details
IPO Open Date
06 Apr 2026
IPO Close Date
08 Apr 2026
Issue Size
Approx ₹48 Crores
Price Band
₹75 to ₹80 Per Share
Anchor Investors Allocation
Anchor Bid Date: 02 Apr 2026
Anchor Price: ₹80.00
Anchor as % of QIBs: 56.90%
| S.No. | Anchor Investor | Shares Allotted | Amount (₹ Cr) | % within Anchor | % of Issue |
|---|---|---|---|---|---|
| 1 |
SHINE STAR BUILD-CAP PVT.LTD.
SHINE STAR
|
7,50,400 | ₹ 6.00 | 47.37 | 12.51 |
| 2 |
VBCUBE VENTURES FUND
VBCUBE
|
2,51,200 | ₹ 2.01 | 15.86 | 4.19 |
| 3 |
VBCUBE VENTURES FUND II
VBCUBE
|
2,51,200 | ₹ 2.01 | 15.86 | 4.19 |
| 4 |
PESB ALPHA FUND
PESB CAPITAL
|
1,26,400 | ₹ 1.01 | 7.98 | 2.11 |
| 5 |
UPSURGE OPPORTUNITIES FUND I
UPSURGE
|
2,04,800 | ₹ 1.64 | 12.93 | 3.41 |
| Total | 1,584,000 | ₹ 12.67 | 100% | 26.41% |
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