<?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">INE0LMW01024</in-capmkt:ISIN>
<in-capmkt:DesignateStockExchange contextRef="OneD">NSE</in-capmkt:DesignateStockExchange>
<in-capmkt:DateOfIssueOpen contextRef="OneI">2023-10-30</in-capmkt:DateOfIssueOpen>
<in-capmkt:DateOfIssueClose contextRef="OneI">2023-11-01</in-capmkt:DateOfIssueClose>
<in-capmkt:SelectPriceBandOrPrice contextRef="OneD">Price Band</in-capmkt:SelectPriceBandOrPrice>
<in-capmkt:PriceBandFrom contextRef="OneD" unitRef="INRPerShare" decimals="INF">617</in-capmkt:PriceBandFrom>
<in-capmkt:PriceBandTo contextRef="OneD" unitRef="INRPerShare" decimals="INF">648</in-capmkt:PriceBandTo>
<in-capmkt:DiscountPerShare contextRef="OneD" unitRef="INRPerShare" decimals="INF">61</in-capmkt:DiscountPerShare>
<in-capmkt:CompositionOfIssue contextRef="OneD">OFS</in-capmkt:CompositionOfIssue>
<in-capmkt:NumberOfOfferForSaleShares contextRef="OneI" unitRef="shares" decimals="INF">29337023</in-capmkt:NumberOfOfferForSaleShares>
<in-capmkt:NumberOfIssueShares contextRef="OneI" unitRef="shares" decimals="INF">29337023</in-capmkt:NumberOfIssueShares>
<in-capmkt:NumberOfShareAllocatedToAnchor contextRef="OneI" unitRef="shares" decimals="INF">8749999</in-capmkt:NumberOfShareAllocatedToAnchor>
<in-capmkt:NumberOfShareAllocatedToQIB contextRef="OneI" unitRef="shares" decimals="INF">5833333</in-capmkt:NumberOfShareAllocatedToQIB>
<in-capmkt:NumberOfShareAllocatedToRII contextRef="OneI" unitRef="shares" decimals="INF">10208334</in-capmkt:NumberOfShareAllocatedToRII>
<in-capmkt:NumberOfShareAllocatedToNII contextRef="OneI" unitRef="shares" decimals="INF">4375000</in-capmkt:NumberOfShareAllocatedToNII>
<in-capmkt:NumberOfShareAllocatedToReservationPortion contextRef="OneI" unitRef="shares" decimals="INF">170357</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">23</in-capmkt:MarketLot>
<in-capmkt:FinalIssuePrice contextRef="OneD" unitRef="INRPerShare" decimals="INF">648</in-capmkt:FinalIssuePrice>
<in-capmkt:AmountOfIssueSize contextRef="OneD" unitRef="INR" decimals="-3">18999900000</in-capmkt:AmountOfIssueSize>
<in-capmkt:NumberOfTimesIssueOverSubscribed contextRef="OneD" unitRef="pure" decimals="INF">42</in-capmkt:NumberOfTimesIssueOverSubscribed>
<in-capmkt:NumberOfSharePostIssue contextRef="OneI" unitRef="shares" decimals="INF">212231034</in-capmkt:NumberOfSharePostIssue>
<in-capmkt:ScripID contextRef="OneD">CELLO</in-capmkt:ScripID>
<in-capmkt:DateOfListing contextRef="OneI">2023-11-06</in-capmkt:DateOfListing>
<in-capmkt:DateOfSubmission contextRef="OneI">2023-11-03</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 Issue was subscribed 41.59 times (excluding the Anchor Investor Portion). 170,357 Equity shares were allocated under Employee Reservation Portion.</in-capmkt:NotesListingStageExplanatoryTextBlock>
</xbrli:xbrl>