IPO Details
IPO Open Date
23 Jun 2026
IPO Close Date
25 Jun 2026
Issue Size
Approx ₹585 Crores
Price Band
₹769 to ₹808 Per Share
Listing Price
₹500.00
Listing Percent
-38.12%
IPO Shares Offered
| Category | Shares Offered | Amount (₹ Cr) | Size (%) |
|---|---|---|---|
| QIB | 54,30,076 | ₹ 438.75 | 75.00% |
| Anchor | 32,58,045 | ₹ 263.25 | 45.00% |
| QIB (Ex Anchor) | 21,72,031 | ₹ 175.50 | 30.00% |
| NII | 10,86,014 | ₹ 87.75 | 15.00% |
| bNII (> ₹10L) | 7,24,009 | ₹ 58.50 | 10.00% |
| sNII (< ₹10L) | 3,62,005 | ₹ 29.25 | 5.00% |
| Retail | 7,24,009 | ₹ 58.50 | 10.00% |
| Total | 72,40,099 | ₹ 585.00 | 100% |
Basis of Allotment
| Category | Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | Retail | Total |
|---|---|---|---|---|---|---|---|---|
| Allocation (No. of shares) | 21,72,031 | 32,58,045 | 54,30,076 | 3,62,005 | 7,24,009 | 10,86,014 | 7,24,009 | 72,40,099 |
| Allotment price (₹) | 808 | 808 | 808 | 808 | 808 | 808 | 808 | 808 |
| No. of applications | 13 | 11 | 24 | 2,308 | 483 | 2,791 | 1,10,082 | 1,12,897 |
| No. of shares applied | 23,01,228 | 34,18,938 | 57,20,166 | 6,46,776 | 6,55,380 | 13,02,156 | 31,20,858 | 1,01,43,180 |
| Amount collected (₹ Cr.) | 185.94 Cr | 276.25 Cr | 462.19 Cr | 52.26 Cr | 52.95 Cr | 105.21 Cr | 252.17 Cr | 819.57 Cr |
| No. of times subscribed | 1.06 | 1.05 | 1.05 | 1.79 | 0.91 | 1.20 | 4.31 | 1.40 |
| No. of shares allotted | 21,72,031 | 32,58,045 | 54,30,076 | 4,30,634 | 6,55,380 | 10,86,014 | 7,24,009 | 72,40,099 |
| Amount allotted (₹ Cr.) | 175.50 Cr | 263.25 Cr | 438.75 Cr | 34.80 Cr | 52.95 Cr | 87.75 Cr | 58.50 Cr | 585.00 Cr |
| No. of allottees | 13 | 11 | 24 | 1,708 | 483 | 2,191 | 40,222 | 42,437 |
Anchor Investors Allocation
Anchor Bid Date: 22 Jun 2026
Anchor Price: ₹808.00
| S.No. | Anchor Investor | Shares Allotted | Amount (₹ Cr) | % within Anchor | % of Issue |
|---|---|---|---|---|---|
| 1 |
CULLINAN OPPORTUNITIES FUND VCC-CULLINAN OPPORTUNITIES INCORPORATED VCC SUB FUND 1
CULLINAN OPPORTUNITIES FUND VCC
|
6,21,945 | ₹ 50.25 | 19.09 | 8.59 |
| 2 |
ZEAL GLOBAL OPPORTUNITES FUND
ZEAL GLOBAL
|
6,18,804 | ₹ 50.00 | 18.99 | 8.55 |
| 3 |
M7 GLOBAL FUND PCC-CELL DEWCA FUND
M7 GLOBAL
|
6,18,804 | ₹ 50.00 | 18.99 | 8.55 |
| 4 |
NOVA GLOBAL OPPORTUNITIES FUND PCC-TOUCHSTONE
NOVA
|
6,31,188 | ₹ 51.00 | 19.37 | 8.72 |
| 5 |
STELLAR GROWTH FUND VCC-SILVER CAPITAL MANAGEMENT INCORPORATED VCC SUB FUND
STELLAR
|
3,09,402 | ₹ 25.00 | 9.50 | 4.27 |
| 6 |
STELLAR GROWTH FUND VCC-DELTA ASSET MANAGEMENT INCORPORATED VCC SUB FUND
STELLAR
|
61,866 | ₹ 5.00 | 1.90 | 0.85 |
| 7 |
BARODA BNP PARIBAS SMALL CAP FUND
BARODA BNP PARIBAS MUTUAL FUND
|
92,808 | ₹ 7.50 | 2.85 | 1.28 |
| 8 |
BARODA BNP PARIBAS INDIA CONSUMPTION FUND
BARODA BNP PARIBAS MUTUAL FUND
|
92,808 | ₹ 7.50 | 2.85 | 1.28 |
| 9 |
BARODA BNP PARIBAS BUSINESS CYCLE FUND
BARODA BNP PARIBAS MUTUAL FUND
|
61,866 | ₹ 5.00 | 1.90 | 0.85 |
| 10 |
ASAS GLOBAL FUND INCORPORATED VCC SUB FUND
ASAS GLOBAL
|
61,866 | ₹ 5.00 | 1.90 | 0.85 |
| 11 |
MAYBANK SECURITIES PTE.LTD.-ODI
MAYBANK
|
86,688 | ₹ 7.00 | 2.66 | 1.20 |
| Total | 3,258,045 | ₹ 263.25 | 100% | 44.99% |
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