@MuStrFc Ji,.All QIBs have acess to leverage and know they will not get all the shares they apply for , so they have likely bid for more than their target shares based on their expectation of how much oversubscribed the IPO would be.
A QIB that was targeting 100 cr worth of shares would have bid for 1000 crs if they expected QIB to be 10x oversubscribed and for 1500 crs if they expected 15x oversubscription.
The final QIB oversubscription is about 3.12x. So, many QIBs could have been allotted significantly more shares than they had targeted based on expected oversubscription. In my opinion, those QIBs are more likely to sell to get down to their target rather than add more.