<?xml version="1.0" encoding="UTF-8"?>
<xbrli:xbrl xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2022-03-31/in-capmkt" xmlns:in-capmkt-ent="https://www.sebi.gov.in/xbrl/ListingStage/2022-03-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/ListingStage/2022-03-31/in-capmkt-roles" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance">
<link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2022-03-31.xsd"/>

<xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><xbrli:unit id="INRPerShare"><xbrli:divide><xbrli:unitNumerator><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unitNumerator><xbrli:unitDenominator><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unitDenominator></xbrli:divide></xbrli:unit>
<in-capmkt:ISIN contextRef="OneI">INE0AE001013</in-capmkt:ISIN>
<in-capmkt:DesignateStockExchange contextRef="OneD">NSE</in-capmkt:DesignateStockExchange>
<in-capmkt:DateOfIssueOpen contextRef="OneI">2023-08-24</in-capmkt:DateOfIssueOpen>
<in-capmkt:DateOfIssueClose contextRef="OneI">2023-08-28</in-capmkt:DateOfIssueClose>
<in-capmkt:SelectPriceBandOrPrice contextRef="OneD">Price Band</in-capmkt:SelectPriceBandOrPrice>
<in-capmkt:PriceBandFrom contextRef="OneD" unitRef="INRPerShare" decimals="INF">94</in-capmkt:PriceBandFrom>
<in-capmkt:PriceBandTo contextRef="OneD" unitRef="INRPerShare" decimals="INF">99</in-capmkt:PriceBandTo>
<in-capmkt:DiscountPerShare contextRef="OneD" unitRef="INRPerShare" decimals="INF">9</in-capmkt:DiscountPerShare>
<in-capmkt:CompositionOfIssue contextRef="OneD">Fresh</in-capmkt:CompositionOfIssue>
<in-capmkt:NumberOfFreshIssueShares contextRef="OneI" unitRef="shares" decimals="INF">31200000</in-capmkt:NumberOfFreshIssueShares>
<in-capmkt:NumberOfIssueShares contextRef="OneI" unitRef="shares" decimals="INF">31200000</in-capmkt:NumberOfIssueShares>
<in-capmkt:NumberOfShareAllocatedToAnchor contextRef="OneI" unitRef="shares" decimals="INF">9270000</in-capmkt:NumberOfShareAllocatedToAnchor>
<in-capmkt:NumberOfShareAllocatedToQIB contextRef="OneI" unitRef="shares" decimals="INF">6180000</in-capmkt:NumberOfShareAllocatedToQIB>
<in-capmkt:NumberOfShareAllocatedToRII contextRef="OneI" unitRef="shares" decimals="INF">10815000</in-capmkt:NumberOfShareAllocatedToRII>
<in-capmkt:NumberOfShareAllocatedToNII contextRef="OneI" unitRef="shares" decimals="INF">4635000</in-capmkt:NumberOfShareAllocatedToNII>
<in-capmkt:NumberOfShareAllocatedToReservationPortion contextRef="OneI" unitRef="shares" decimals="INF">300000</in-capmkt:NumberOfShareAllocatedToReservationPortion>
<in-capmkt:NumberOfShareAllocatedToMarketMakerReservationPortion contextRef="OneI" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfShareAllocatedToMarketMakerReservationPortion>
<in-capmkt:NumberOfShareAllocatedToOther contextRef="OneI" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfShareAllocatedToOther>
<in-capmkt:MarketLot contextRef="OneI" unitRef="shares" decimals="INF">150</in-capmkt:MarketLot>
<in-capmkt:FinalIssuePrice contextRef="OneD" unitRef="INRPerShare" decimals="INF">99</in-capmkt:FinalIssuePrice>
<in-capmkt:AmountOfIssueSize contextRef="OneD" unitRef="INR" decimals="-3">3086100000</in-capmkt:AmountOfIssueSize>
<in-capmkt:NumberOfTimesIssueOverSubscribed contextRef="OneD" unitRef="pure" decimals="INF">87</in-capmkt:NumberOfTimesIssueOverSubscribed>
<in-capmkt:NumberOfSharePostIssue contextRef="OneI" unitRef="shares" decimals="INF">124644000</in-capmkt:NumberOfSharePostIssue>
<in-capmkt:ScripID contextRef="OneD">VPRPL</in-capmkt:ScripID>
<in-capmkt:DateOfListing contextRef="OneI">2023-09-05</in-capmkt:DateOfListing>
<in-capmkt:DateOfSubmission contextRef="OneI">2023-09-01</in-capmkt:DateOfSubmission>
<in-capmkt:NotesListingStageExplanatoryTextBlock contextRef="OneD">Issue Oversubscribed:After removing multiple and duplicate bids, bids not blocked, bids rejected under application banked but bids not registered and rejections  cases from the Bid Book, the Offer was subscribed 86.86 times (excluding the Anchor Investor Portion).</in-capmkt:NotesListingStageExplanatoryTextBlock>
</xbrli:xbrl>