IPO Details
IPO Open Date
23 Mar 2026
IPO Close Date
25 Mar 2026
Issue Size
Approx ₹61 Crores
Price Band
₹84 to ₹89 Per Share
Anchor Investors Allocation
Anchor Bid Date: 20 Mar 2026
Anchor Price: ₹89.00
Anchor as % of QIBs: 59.79%
| S.No. | Anchor Investor | Shares Allotted | Amount (₹ Cr) | % within Anchor | % of Issue |
|---|---|---|---|---|---|
| 1 |
RAJASTHAN GLOBAL SECURITIES PVT.LTD.
RAJASTHAN GLOBAL SECURITIES
|
5,23,200 | ₹ 4.66 | 30.42 | 7.69 |
| 2 |
LRSD SECURITIES PVT.LTD.
LRSD SECURITIES
|
5,21,600 | ₹ 4.66 | 30.33 | 7.67 |
| 3 |
INTI CAPITAL VCC-INTI CAPITAL I
INTI CAPITAL
|
3,37,600 | ₹ 3.00 | 19.63 | 4.96 |
| 4 |
PESB ALPHA FUND
PESB CAPITAL
|
3,37,600 | ₹ 3.00 | 19.63 | 4.96 |
| Total | 1,720,000 | ₹ 15.32 | 100% | 25.28% |
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