Closed IPO

Issues That Have Closed — 21 August 2026

As of 21 August 2026, 5 issues have closed and are between bidding and listing — 4 Mainboard and 1 SME. Allotment has been published for 3 of them. The next to list is Lalithaa Jewellery Mart, on 24 August.

• Lalithaa Jewellery Mart — Mainboard, ₹190–201, bidding closed 19 August, allotment published. Closed at 62.97x overall — QIB 145.38x, NII 73.89x, retail 11.81x. Highest category multiple: institutional (QIB) at 145.38x.   Registrar: MUFG Intime India Pvt. Ltd.   Grey market premium ₹55 (27.4%).
• Horizon Industrial Parks — Mainboard, ₹57–60, bidding closed 19 August, allotment published. Closed at 1.45x overall — QIB 1.85x, NII 0.98x, retail 0.96x. Highest category multiple: institutional (QIB) at 1.85x.   Registrar: Kfin Technologies Ltd.   Grey market premium ₹3.6 (6%).
• Fascinate Textiles — SME, ₹148–156, bidding closed 19 August, allotment published. Closed at 1.14x overall — QIB 0.63x, NII 1.64x, retail 1.21x. Highest category multiple: NII at 1.64x.   Registrar: Cameo Corporate Services Ltd.   No grey market quote is available.
• Sunshine Pictures — Mainboard, ₹342–360, bidding closed 20 August, allotment due 21 August. Closed at 105.81x overall — QIB 123.52x, NII 197.04x, retail 56.6x. Highest category multiple: NII at 197.04x.   Registrar: Bigshare Services Pvt. Ltd.   Grey market premium ₹75 (20.8%).
• Shankesh Jewellers — Mainboard, ₹88–93, bidding closed 20 August, allotment due 21 August. Closed at 2.8x overall — QIB 1.32x, NII 5.68x, retail 2.42x. Highest category multiple: NII at 5.68x.   Registrar: Kfin Technologies Ltd.   Grey market premium ₹5 (5.4%).

Final subscription decides the odds, not the outcome: where a category is oversubscribed, allotment within it is a draw of lots, so a large multiple does not reduce anyone's chance below anyone else's. Check allotment results → · Estimated allotment odds →

From Close to Listing — the T+3 Timeline

Once bidding ends, the schedule is fixed by regulation rather than by the company. SEBI's T+3 timeline has been mandatory since December 2023, replacing the older T+6 window, and it counts working days from the close.

• T+1 — allotment finalised. The registrar runs the allotment and publishes status on its portal that evening. Check by PAN, application number, or DP-Client ID.
• T+2 — refunds and credit. Blocked funds are released for unsuccessful applicants and shares reach the demat accounts of successful ones. With ASBA the bank simply lifts the lien; no money moves back.
• T+3 — listing. A pre-open call auction sets the opening price before continuous trading begins.
• How allotment is decided varies by category. Retail and NII allot by draw of lots; only QIB is proportionate. So an oversubscribed issue means a lottery for individual applicants, not a smaller pro-rata slice.

Allotment is not the listing day — the two are three working days apart. Check allotment results → · How allotment works →

IPO investing carries risk of capital loss, allotment is not guaranteed, and grey market premium is an unofficial signal rather than a prediction. Nothing here is investment advice — read the offer document and consult a SEBI-registered adviser before committing capital.