IPCA Laboratories shareholders and shareholding pattern

NSE: IPCALABBSE: 524494Pharmaceuticals & BiotechnologyMid Cap

IPCA Laboratories Limited · Face value ₹1 · Listed May 1994 on BSE, Feb 1995 on NSE

₹1,980.80₹42.20 (2.18%)BSE ₹1,982.70

Share price at the NSE close on 27 Oct 2026. Previous close ₹1,938.60.

27 Oct: open ₹1,949.70, high ₹1,994.00, low ₹1,938.60

52-week range of traded prices to 27 Oct 2026

₹1,268.00Low, 31 Oct 2025₹2,038.00High, 18 Sep 2026

Next results date: the board meets on 5 Nov 2026 to consider: financial results. The notice · Results calendar

Market cap: ₹50,254 Cr229th largest listed
P/E: 38.37
P/B: 6.23
Dividend yield: 0.30%
ROE: 17.4%
ROCE: 17.6%
Debt to equity: 0.07
Volume, NSE: 1,89,25455.6% delivered

IPCA Laboratories' shareholding pattern for Sep 2026, filed on 13 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns IPCA Laboratories, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters44.72%
Foreign institutions11.53%
Indian institutions36.59%
Individuals and others7.15%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others

Per cent	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	46.13%	46.13%	46.13%	46.13%	46.13%	46.13%	46.07%	46.07%	46.07%	46.07%	46.07%	46.07%	46.07%	46.07%	46.07%	46.07%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.30%	46.30%	46.30%	44.72%	44.72%	44.72%	44.72%	44.72%	44.72%	44.72%	44.72%
Indian promoters	46.13%	46.13%	46.13%	46.13%	46.13%	46.13%	46.07%	46.07%	46.07%	46.07%	46.07%	46.07%	46.07%	46.07%	46.07%	46.07%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.29%	46.30%	46.30%	46.30%	44.72%	44.72%	44.72%	44.72%	44.72%	44.72%	44.72%	44.72%
	53.87%	53.87%	53.87%	53.87%	53.87%	53.87%	53.93%	53.93%	53.93%	53.93%	53.93%	53.93%	53.93%	53.93%	53.93%	53.93%	53.71%	53.71%	53.71%	53.71%	53.71%	53.71%	53.71%	53.71%	53.71%	53.71%	53.71%	53.71%	53.71%	53.70%	53.70%	53.70%	55.28%	55.28%	55.28%	55.28%	55.28%	55.28%	55.28%	55.28%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10.57%	10.46%	10.58%	10.05%	9.86%	10.27%	10.51%	10.85%	10.83%	11.07%	10.76%	10.67%	10.43%	10.63%	10.63%	10.73%	11.53%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	10.44%	10.37%	9.84%	9.64%	10.03%	10.23%	10.56%	10.46%	10.45%	10.37%	10.37%	10.15%	10.34%	10.31%	10.34%	11.19%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10.55%	Under 0.01%	0.19%	0.21%	0.22%	0.24%	0.28%	0.29%	0.37%	0.61%	0.38%	0.30%	0.27%	0.28%	0.32%	0.38%	0.33%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%
Foreign Institutional Investors	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–
Fleming fund management (luxembourg) sa	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	–	–
Flemingo fund management (luxemburg) sa	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%
Overseas Corporate Bodies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	33.79%	34.03%	34.06%	35.19%	35.05%	34.52%	34.37%	33.78%	34.23%	35.68%	36.06%	36.20%	36.77%	37.32%	37.45%	37.37%	36.59%
Mutual funds	21.95%	21.48%	20.46%	23.47%	23.22%	21.47%	20.89%	22.11%	23.00%	23.21%	22.25%	21.52%	22.76%	23.14%	22.82%	23.53%	20.58%	20.85%	21.49%	21.82%	26.05%	28.20%	29.41%	29.71%	29.79%	29.94%	30.27%	30.23%	29.25%	28.83%	28.52%	28.55%	29.63%	29.63%	29.61%	30.04%	30.52%	31.24%	31.15%	31.07%
Insurance companies	–	–	–	–	–	–	–	–	–	–	–	0.78%	1.59%	2.22%	4.23%	4.25%	3.23%	3.64%	3.36%	3.18%	3.67%	4.20%	3.90%	3.57%	3.76%	3.61%	4.26%	4.12%	4.54%	4.67%	4.63%	4.87%	5.19%	5.64%	5.83%	5.99%	6.15%	5.34%	5.24%	4.76%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Alternative investment funds	–	–	1.33%	1.35%	1.47%	1.70%	1.82%	1.75%	1.78%	1.65%	1.78%	1.74%	1.53%	1.20%	0.98%	0.86%	0.41%	0.33%	0.26%	0.24%	0.29%	0.29%	0.19%	0.18%	0.16%	0.19%	0.32%	0.37%	0.40%	0.54%	0.30%	0.48%	0.54%	0.46%	0.44%	0.42%	0.32%	0.55%	0.65%	0.45%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Sovereign wealth funds, Indian	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	0.32%	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	0.32%
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.32%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9.35%	9.22%	9.07%	8.48%	8.81%	8.92%	8.82%	9.06%	8.64%	8.53%	8.46%	8.41%	8.07%	7.33%	7.20%	7.18%	7.15%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7.44%	7.41%	7.25%	6.98%	7.14%	7.12%	7.13%	7.27%	6.93%	6.88%	6.81%	6.82%	6.55%	5.88%	5.79%	5.76%	5.72%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.45%	0.45%	0.44%	0.34%	0.42%	0.47%	0.43%	0.57%	0.47%	0.45%	0.47%	0.42%	0.37%	0.34%	0.33%	0.34%	0.38%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.57%	0.57%	0.53%	0.42%	0.42%	0.45%	0.44%	0.47%	0.46%	0.46%	0.46%	0.46%	0.45%	0.39%	0.38%	0.37%	0.37%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.30%	0.32%	0.31%	0.31%	0.30%	0.30%	0.30%	0.30%	0.30%	0.31%	0.31%	0.31%	0.31%	0.35%	0.34%	0.33%	0.32%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.56%	0.45%	0.50%	0.39%	0.50%	0.58%	0.50%	0.44%	0.46%	0.41%	0.38%	0.38%	0.39%	0.35%	0.35%	0.37%	0.34%
Market Maker	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.16%	0.05%	0.10%	Under 0.01%	0.09%	0.14%	0.11%	0.03%	0.06%	0.02%	Under 0.01%	Under 0.01%	0.02%	0.01%	0.02%	0.02%	0.04%
Director or Director's Relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	–	Under 0.01%	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–
Employees	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.34%	0.34%	0.34%	0.33%	0.34%	0.33%	0.32%	0.34%	0.33%	0.32%	0.32%	0.32%	0.31%	0.28%	0.28%	0.28%	0.27%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Overseas Corporate Bodies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.03%	0.04%	0.04%	0.07%	0.04%	0.03%	0.04%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	0.04%	Under 0.01%
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Independent Director or his relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	–	Under 0.01%
Promoter shares pledgedShare of the promoters' own shares	0.07%	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Shares in issue	12,61,99,109	12,61,99,109	12,61,99,109	12,61,99,109	12,61,99,109	12,61,99,109	12,63,52,109	12,63,52,109	12,63,52,109	12,63,52,109	12,63,52,109	12,63,52,109	12,63,52,109	12,63,52,109	12,63,52,109	12,63,52,109	12,68,52,109	12,68,52,109	12,68,52,109	12,68,52,109	12,68,52,109	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218	25,37,04,218
Shares locked in	–	–	–	–	–	–	–	–	–	–	–	–	4,46,34,352	4,46,34,352	4,46,34,352	4,46,34,352	4,51,34,352	4,51,34,352	4,51,34,352	5,00,000	5,00,000	10,00,000	10,00,000	10,00,000	10,00,000	10,00,000	10,00,000	10,00,000	10,00,000	0	0	0	0	0	–	–	–	–	–	–
Promoters' shares locked in	–	–	–	–	–	–	–	–	–	–	–	–	4,46,34,352	4,46,34,352	4,46,34,352	4,46,34,352	4,51,34,352	4,51,34,352	4,51,34,352	5,00,000	5,00,000	10,00,000	10,00,000	10,00,000	10,00,000	10,00,000	10,00,000	10,00,000	10,00,000	0	0	0	0	0	–	–	–	–	–	–

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of IPCA Laboratories shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
All shareholders	64,161	64,480	62,268	61,687	57,445	56,982	61,863	60,242	59,859	59,804	60,387	66,064	66,542	81,154	93,413	1,02,995	1,01,476	1,00,626	1,05,428	95,239	1,06,779	1,15,335	1,10,818	1,11,043	1,08,177	1,10,296	99,889	95,930	82,809	81,165	84,753	82,975	90,189	88,306	85,582	82,870	77,673	82,184	82,060	90,514
	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	16	16	16	16	16	16	16	16	16	16	16	16	14	14	14	14	14
Indian promoters	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	16	16	16	16	16	16	16	16	16	16	16	16	14	14	14	14	14
	64,144	64,463	62,251	61,670	57,428	56,965	61,846	60,225	59,842	59,787	60,370	66,047	66,525	81,137	93,396	1,02,978	1,01,459	1,00,609	1,05,411	95,222	1,06,762	1,15,318	1,10,801	1,11,027	1,08,161	1,10,280	99,873	95,914	82,793	81,149	84,737	82,959	90,173	88,290	85,566	82,856	77,659	82,170	82,046	90,500
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	193	191	195	178	174	171	180	187	195	208	218	201	184	183	184	190	271
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	188	179	162	158	157	164	171	175	183	193	180	164	163	164	169	245
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	190	1	14	15	15	13	15	15	19	24	24	20	19	19	19	20	24
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	1	1	1	1	1	1	1	1	1	1	1	1	1	2
Foreign Institutional Investors	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–	–
Fleming fund management (luxembourg) sa	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	–	–
Flemingo fund management (luxemburg) sa	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1
Overseas Corporate Bodies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	57	54	55	46	49	60	69	68	73	74	76	69	70	65	62	66	69
Mutual funds	79	75	62	57	18	19	19	18	20	22	24	26	27	31	32	31	29	30	30	31	32	30	28	27	27	26	27	25	28	31	30	33	35	33	32	34	31	31	33	31
Insurance companies	–	–	–	–	–	–	–	–	–	–	–	4	9	11	13	15	15	14	13	12	14	15	13	14	12	11	9	12	15	15	15	15	15	15	14	14	10	11	11	10
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	2	2	3	3	2	4	4	2	2	2	2	2	2	2	2	2
Alternative investment funds	–	–	3	4	5	6	8	7	10	16	18	18	23	24	25	29	17	16	16	17	16	18	9	9	9	12	3	5	11	14	14	18	18	21	16	15	17	13	15	21
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	3	3	3	2	3	3	3	3	3	3	3
Sovereign wealth funds, Indian	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	2
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,10,777	1,07,916	1,10,030	99,649	95,691	82,562	80,900	84,482	82,691	89,891	87,996	85,296	82,602	77,411	81,924	81,790	90,160
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,05,018	1,02,355	1,04,060	95,764	91,547	78,764	77,003	80,237	78,561	85,404	83,363	80,957	78,445	73,666	77,312	77,103	85,249
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	657	635	983	430	460	417	483	544	524	549	559	526	476	425	480	532	578
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3,440	3,319	3,295	1,981	2,087	1,991	2,041	2,256	2,200	2,402	2,581	2,361	2,237	1,995	2,730	2,751	2,905
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,659	1,604	1,689	1,471	1,594	1,387	1,370	1,442	1,403	1,533	1,490	1,449	1,441	1,322	1,399	1,401	1,425
Market Maker	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	–	–
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	45	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	84	44	27	9	12	12	9	12	10	8	10	9	33	27	29	32	32
Director or Director's Relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	–	1	–	–	1	1	1	1	1	–	–	–	–
Employees	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11	11	11	11	11	11	11	10	11	11	11	11	11	11	10	10	10
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,507	1,492	1,552	1,405	1,522	1,313	1,295	1,359	1,314	1,433	1,399	1,356	1,321	1,224	1,291	1,283	1,346
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8	8	8	4	3	3	6	5	5	6	7	6	9	6	10	7	9
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Overseas Corporate Bodies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	45	87	38	43	44	46	53	59	71	59	63	63	50	55	67	26
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Independent Director or his relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	–	1

IPCA Laboratories promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is Kaygee Investments Private Limited, 25.49%. The filing names 1 more member with no shares.Promoter buying and selling

Holder
Kaygee Investments Private LimitedIndian companies, trusts and others	25.49%	6,46,65,448
Kaygee Laboratories Private LimitedIndian companies, trusts and others	6.61%	1,67,70,000
Chandurkar Investments Private LimitedIndian companies, trusts and others	5.50%	1,39,56,010
Premchand GodhaIndividuals and Hindu undivided families	2.29%	58,14,680
Usha M ChandurkarIndividuals and Hindu undivided families	1.70%	43,02,000
Usha Premchand GodhaIndividuals and Hindu undivided families	0.95%	24,18,740
Sameer M ChandurkarIndividuals and Hindu undivided families	0.79%	20,00,000
Pranay GodhaIndividuals and Hindu undivided families	0.67%	17,00,990
Prashant GodhaIndividuals and Hindu undivided families	0.62%	15,68,644
Kalpana JainIndividuals and Hindu undivided families	0.09%	2,30,000
Xbees Traders LlpIndian companies, trusts and others	0.01%	31,000
Makers Laboratories LimitedIndian companies, trusts and others	0.00%	960
Bhawna GodhaIndividuals and Hindu undivided families	0.00%	5,000
Neetu GodhaIndividuals and Hindu undivided families	0.00%	4,000

No promoter shares are reported as pledged.

Largest public holders of IPCA Laboratories, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding IPCA Laboratories

Holder	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
SBI LIFE INSURANCE CO. LTDInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.11%	–	–	–	–	–	–	–	–	–	–	–	1.42%	1.67%	1.73%	1.83%	2.01%	2.20%	2.42%	2.85%	3.30%	3.54%	4.08%	3.58%	3.69%	3.53%
KOTAK MUTUAL FUNDSForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.08%
HDFC LIFE INSURANCE COMPANY LIMITEDInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.82%	1.82%	1.93%	1.95%	2.02%	1.94%	2.04%	2.12%	2.03%	1.98%	1.98%	1.96%	1.90%	1.90%	1.97%	1.95%	1.95%	1.93%	1.93%	1.93%	1.93%	1.92%	1.83%	1.56%	1.39%	1.07%
Kotak Funds - India Midcap FundForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.21%	1.29%	1.29%	1.36%	1.36%	1.36%	1.34%	1.29%	1.26%	1.26%	1.24%	1.19%	1.14%	–
Mfs International New Discovery FundForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.06%	1.06%	1.03%	–
Abu Dhabi Investment Authority - MonsoonForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.03%	1.12%	1.00%	–	–	–	–	–	–	–	–	–
Abu Dhabi Investment Authority - BehaveInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	1.40%	1.54%	1.32%	1.04%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Lavender Investments LimitedInstitutions Foreign Portfolio Investor	3.95%	3.95%	3.95%	3.95%	3.95%	3.95%	3.95%	3.88%	3.43%	2.88%	2.88%	1.92%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Government Pension Fund GlobalInstitutions Foreign Portfolio Investor	1.24%	1.24%	1.24%	1.24%	1.24%	1.87%	1.85%	1.80%	2.06%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Saif Advisors Mauritius LimitedInstitutions Foreign Portfolio Investor	1.59%	1.59%	1.59%	1.59%	1.59%	1.59%	1.59%	1.59%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Goldman Sachs India LimitedInstitutions Foreign Portfolio Investor	–	1.01%	1.06%	1.06%	1.06%	1.65%	1.65%	1.03%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
T. Rowe Price International Discovery FundInstitutions Foreign Portfolio Investor	1.12%	1.12%	1.12%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.

Who moved in the Sep 2026 filing

Against the Jun 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.

Foreign institutions: Kotak Funds - India Midcap Fund no longer named, from 1.14%; KOTAK MUTUAL FUNDS newly named at 1.08%; Mfs International New Discovery Fund no longer named, from 1.03%
Indian institutions: HDFC LIFE INSURANCE COMPANY LIMITED 1.07%, −0.32 pts; SBI LIFE INSURANCE CO. LTD 3.53%, −0.16 pts