Closed Mainboard IPO

Mainboard Issues That Have Closed — 5 September 2026

As of 5 September 2026, 3 issues have closed and are between bidding and listing. Allotment has been published for 3 of them. The next to list is Purple Style Labs, on 7 September.

• Purple Style Labs — Mainboard, ₹546–575, bidding closed 2 September, allotment published. Closed at 1.29x overall — QIB 1.43x, NII 0.84x, retail 1.57x. Highest category multiple: retail at 1.57x.   Registrar: Kfin Technologies Ltd.   Grey market premium ₹2 (0.4%).
• Deepa Jewellers — Mainboard, ₹168–177, bidding closed 3 September, allotment published. Closed at 42.57x overall — QIB 37x, NII 105.93x, retail 18.48x. Highest category multiple: NII at 105.93x.   Registrar: Bigshare Services Pvt. Ltd.   Grey market premium ₹19 (10.7%).
• Rays of Belief — Mainboard, ₹227–239, bidding closed 3 September, allotment published. Closed at 107.62x overall — QIB 9.06x, NII 279.09x, retail 195.37x. Highest category multiple: NII at 279.09x.   Registrar: Kfin Technologies Ltd.   Grey market premium ₹12 (5%).

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 →

After a Mainboard IPO Closes — Allotment and the Wait to List

SEBI's T+3 listing timeline has been mandatory since December 2023: allotment on T+1, refunds and credit on T+2, listing on T+3. What differs by category is how the allotment itself is decided.

• Retail — draw of lots. One lot per successful applicant when oversubscribed. Applying for five lots does not give you five chances at the first one.
• NII — also a draw of lots. Small NII (Rs 2–10 lakh) and big NII (above Rs 10 lakh) are separate closed pools, each allotted by lottery at the minimum NII lot. Proportionate NII allotment ended in 2022, and any source still describing it that way is out of date.
• QIB — proportionate. No lottery. Institutions receive a share of what they bid for, which is why a QIB ratio is a fill rate rather than a probability.
• Anchor lock-in shapes the early price. Half the anchor allocation is locked for 30 days and the remaining half for 90, so the supply available to sell in the first month is smaller than the issue size suggests.

Allotment results appear on the registrar's portal on the evening of T+1. Track them on our allotment page or estimate the odds first on allotment chances.

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.