IPO Details
IPO Open Date
26 Feb 2026
IPO Close Date
02 Mar 2026
Issue Size
Approx ₹36 Crores
Price Band
₹71 to ₹72 Per Share
IPO Shares Offered
| Category | Shares Offered | Amount (₹ Cr) | Size (%) |
|---|---|---|---|
| Market Maker | 2,52,800 | ₹ 1.82 | 5.02% |
| QIB | 23,90,400 | ₹ 17.21 | 47.43% |
| NII | 7,20,000 | ₹ 5.18 | 14.29% |
| Retail | 16,76,800 | ₹ 12.07 | 33.27% |
| Total | 50,40,000 | ₹ 36.29 | 100% |
Anchor Investors Allocation
Anchor Bid Date: 25 Mar 2026
Anchor Price: ₹72.00
| S.No. | Anchor Investor | Shares Allotted | Amount (₹ Cr) | % within Anchor | % of Issue |
|---|---|---|---|---|---|
| 1 |
UPSURGE OPPORTUNITIES FUND I
UPSURGE
|
2,78,400 | ₹ 2.00 | 19.42 | 5.52 |
| 2 |
FINWAVE GLOBAL OPPORTUNITIES FUND
FINWAVE
|
1,76,000 | ₹ 1.27 | 12.28 | 3.49 |
| 3 |
ARNESTA GLOBAL OPPORTUNITIES FUND PCC-ARNESTA GLOBAL FUND 1
ARNESTA
|
2,78,400 | ₹ 2.00 | 19.42 | 5.52 |
| 4 |
LONGTHRIVE CAPITAL VCC-TRENDVIEW CAPITAL FUND
LONGTHRIVE CAPITAL VCC
|
7,00,800 | ₹ 5.05 | 48.88 | 13.90 |
| Total | 1,433,600 | ₹ 10.32 | 100% | 28.43% |
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