<?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">INE851I01011</in-capmkt:ISIN>
<in-capmkt:DesignateStockExchange contextRef="OneD">BSE</in-capmkt:DesignateStockExchange>
<in-capmkt:DateOfIssueOpen contextRef="OneI">2023-09-25</in-capmkt:DateOfIssueOpen>
<in-capmkt:DateOfIssueClose contextRef="OneI">2023-09-27</in-capmkt:DateOfIssueClose>
<in-capmkt:SelectPriceBandOrPrice contextRef="OneD">Price Band</in-capmkt:SelectPriceBandOrPrice>
<in-capmkt:PriceBandFrom contextRef="OneD" unitRef="INRPerShare" decimals="INF">280</in-capmkt:PriceBandFrom>
<in-capmkt:PriceBandTo contextRef="OneD" unitRef="INRPerShare" decimals="INF">300</in-capmkt:PriceBandTo>
<in-capmkt:DiscountPerShare contextRef="OneD" unitRef="INRPerShare" decimals="INF">0</in-capmkt:DiscountPerShare>
<in-capmkt:CompositionOfIssue contextRef="OneD">Fresh And OFS</in-capmkt:CompositionOfIssue>
<in-capmkt:NumberOfFreshIssueShares contextRef="OneI" unitRef="shares" decimals="INF">13333333</in-capmkt:NumberOfFreshIssueShares>
<in-capmkt:NumberOfOfferForSaleShares contextRef="OneI" unitRef="shares" decimals="INF">8000000</in-capmkt:NumberOfOfferForSaleShares>
<in-capmkt:NumberOfIssueShares contextRef="OneI" unitRef="shares" decimals="INF">21333333</in-capmkt:NumberOfIssueShares>
<in-capmkt:NumberOfShareAllocatedToAnchor contextRef="OneI" unitRef="shares" decimals="INF">9600000</in-capmkt:NumberOfShareAllocatedToAnchor>
<in-capmkt:NumberOfShareAllocatedToQIB contextRef="OneI" unitRef="shares" decimals="INF">6767942</in-capmkt:NumberOfShareAllocatedToQIB>
<in-capmkt:NumberOfShareAllocatedToRII contextRef="OneI" unitRef="shares" decimals="INF">2182391</in-capmkt:NumberOfShareAllocatedToRII>
<in-capmkt:NumberOfShareAllocatedToNII contextRef="OneI" unitRef="shares" decimals="INF">2783000</in-capmkt:NumberOfShareAllocatedToNII>
<in-capmkt:NumberOfShareAllocatedToReservationPortion contextRef="OneI" unitRef="shares" decimals="INF">0</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">50</in-capmkt:MarketLot>
<in-capmkt:FinalIssuePrice contextRef="OneD" unitRef="INRPerShare" decimals="INF">300</in-capmkt:FinalIssuePrice>
<in-capmkt:AmountOfIssueSize contextRef="OneD" unitRef="INR" decimals="-3">6400000000</in-capmkt:AmountOfIssueSize>
<in-capmkt:NumberOfTimesIssueOverSubscribed contextRef="OneD" unitRef="pure" decimals="INF">3</in-capmkt:NumberOfTimesIssueOverSubscribed>
<in-capmkt:NumberOfSharePostIssue contextRef="OneI" unitRef="shares" decimals="INF">66702688</in-capmkt:NumberOfSharePostIssue>
<in-capmkt:ScripID contextRef="OneD">UDS</in-capmkt:ScripID>
<in-capmkt:DateOfListing contextRef="OneI">2023-10-04</in-capmkt:DateOfListing>
<in-capmkt:DateOfSubmission contextRef="OneI">2023-10-03</in-capmkt:DateOfSubmission>
<in-capmkt:NotesListingStageExplanatoryTextBlock contextRef="OneD">Issue Oversubscribed (no. times) : After removing multiple and duplicate bids, bids (UPI Mandates) not accepted by investors/ blocked, bids rejected under application banked but bid not registered and valid rejections cases from the Bid Book, the Offer was subscribed 2.95 times (excluding the Anchor Investor Portion).</in-capmkt:NotesListingStageExplanatoryTextBlock>
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