IIM Bangalore College Profile 2026
Indian Institute of Management Bangalore (IIMB) is one of India’s premier management institutes and one of the most sought-after B-schools among CAT aspirants. Established in 1973, IIM Bangalore offers MBA, Business Analytics, executive management, public policy, doctoral and undergraduate programmes from its Bengaluru campus.
For students targeting a top-tier MBA, IIM Bangalore stands alongside IIM Ahmedabad and IIM Calcutta among India’s most competitive management institutes. In the NIRF Management Ranking 2025, IIM Bangalore is ranked #2 in India, with a score of 81.56.
IIM Bangalore Highlights 2026
| Particular | Details |
|---|---|
| College Name | Indian Institute of Management Bangalore (IIMB) |
| Location | Bannerghatta Road, Bengaluru, Karnataka – 560076 |
| College Type | Public Autonomous Management Institute; Institution of National Importance |
| Established Year | 1973 |
| Approval / Accreditation | Institution of National Importance under IIM Act; EQUIS Accredited |
| NIRF Ranking 2025 | #2 in India – Management |
| Flagship Programme | MBA – Post Graduate Programme in Management (PGP) |
| MBA Duration | 2 Years, Full-Time Residential |
| MBA Fee 2026–28 | ₹26 lakh |
| Primary Entrance Exam | CAT for domestic MBA applicants |
| Published General CAT Threshold | 85 overall; 80 VARC, 75 DILR, 75 QA, based on thresholds referenced in the 2026–28 admission policy |
| Expected Competitive CAT Percentile | Usually around 99+ percentile for General-category applicants should be targeted; admission is profile-based and not guaranteed |
| Placement – Class of 2026 | 596 participating students; 664 offers from 177 firms |
| Average Package | Refer to the latest official Placement Report; IIMB’s 2026 placement announcement does not prominently state a simple average CTC |
| Highest Package | Not officially disclosed in the institute’s 2026 placement announcement |
| Major Recruiters | Accenture, Bain & Company and several leading consulting, finance, technology, consumer and conglomerate recruiters |
| Specialisations / Areas | Finance, Marketing, Strategy, Operations, Analytics, HR/OB, Economics, Information Systems, Entrepreneurship and others through electives |
| Scholarships | Need-based financial aid plus multiple merit, corporate and donor-supported scholarships |
| Hostel | Yes; residential facilities available |
| Official Website | https://www.iimb.ac.in/ |
About IIM Bangalore
Indian Institute of Management Bangalore was established in 1973 and has developed into one of India’s leading institutions for management education, research, entrepreneurship and executive education.
The institute is located at:
Indian Institute of Management Bangalore
Bannerghatta Road
Bengaluru – 560076
Karnataka, India
IIM Bangalore benefits considerably from its location in Bengaluru, one of India’s most important technology, start-up, consulting, financial-services and innovation hubs.
Its flagship Post Graduate Programme in Management (PGP) is a two-year full-time residential programme leading to the award of an MBA degree. The programme consists of six trimesters over two years with a summer project between the two academic years.
IIM Bangalore Approval and Accreditation
IIM Bangalore is one of India’s autonomous Indian Institutes of Management and functions as an Institution of National Importance under the Indian Institutes of Management framework.
EQUIS Accreditation
IIM Bangalore has been accredited by the EFMD Quality Improvement System (EQUIS) since 2010.
The institute was re-accredited by EQUIS in December 2021, demonstrating continued compliance with international standards in management education.
For students comparing Indian B-schools, international accreditation is particularly relevant because it examines parameters including:
Academic quality
Governance
Internationalisation
Corporate connections
Research
Programme quality
Faculty
Student development
IIM Bangalore NIRF Ranking 2025
NIRF Management 2025: Rank #2 in India
According to the official Ministry of Education’s NIRF Management Ranking 2025, IIM Bangalore secured:
Rank: #2
NIRF Score: 81.56
IIM Ahmedabad occupied the first position in the same ranking.
For MBA aspirants, IIM Bangalore is therefore firmly positioned among the country’s highest-ranked management schools.
IIM Bangalore Programmes
IIM Bangalore offers programmes for fresh graduates, experienced executives, working professionals, researchers and now undergraduate students as well.
Major programmes include:
| Programme | Format / Duration | Suitable For |
|---|---|---|
| MBA – PGP | 2 Years, Full-Time | Graduates seeking a flagship MBA |
| MBA – Business Analytics (PGPBA) | 2 Years, Full-Time | Students targeting analytics-driven management careers |
| Executive Post Graduate Programme – EPGP | 1 Year, Full-Time Residential MBA | Experienced professionals |
| PGPEM | 2-Year MBA for Working Professionals | Mid/senior-level working executives |
| MMS – Public Policy | Postgraduate management programme | Professionals interested in public policy |
| PhD in Management | Doctoral | Research and academic careers |
| NSR Pre-doctoral Fellowship | 1 Year | Candidates preparing for doctoral education |
| BBA Digital Business & Entrepreneurship | Undergraduate | Students interested in digital business and entrepreneurship |
| BSc (Hons) Economics | Undergraduate | Economics-focused students |
| BSc (Hons) Data Science | Undergraduate | Data science-focused students |
| Executive Education | Variable | Executives and organisations |
IIMB’s current programme portfolio includes its two-year PGP, PGPBA, EPGP, PGPEM, public-policy, doctoral, pre-doctoral and undergraduate offerings.
IIM Bangalore MBA – PGP
The flagship Post Graduate Programme in Management leads to the degree of:
Master of Business Administration (MBA)
It is a:
Two-year programme
Full-time programme
Residential MBA
Six-trimester curriculum
General-management programme
Programme with a summer internship/project component
The 2026 intake included around 540 students in the PGP, according to the institute’s programme information.
IIM Bangalore MBA Fees 2026
For the PGP 2026–28 domestic batch, IIM Bangalore lists:
MBA Programme Fee: ₹26,00,000 for two years
In addition:
General Caution Deposit: ₹30,000.
The official fee page states that the ₹26 lakh programme fee covers items including:
Tuition
Library
Internet
Case permission royalty
Course material
Hostel room rent
Service charge
Medical insurance
Personal accident insurance
Alumni activity
This is useful when comparing IIM Bangalore’s fee with other B-schools because the quoted programme cost already incorporates several academic and residential components.
Students should nevertheless budget separately for expenses such as:
Mess/food
Laptop
Personal expenses
Travel
Exchange/international programme expenditure where applicable
Miscellaneous student expenses
IIM Bangalore Business Analytics Fees
For the PGPBA 2026–28 domestic batch, the two-year fee is also:
₹26,00,000
along with the applicable caution deposit.
The fee covers tuition and a number of academic and residential components similar to the flagship PGP.
IIM Bangalore Accepted Entrance Exams
Entrance exams differ according to programme.
| Programme | Entrance Exam / Route |
|---|---|
| MBA – PGP (Domestic) | CAT |
| MBA – PGP (International route) | GMAT under applicable international admission rules |
| MBA – Business Analytics | CAT for domestic admission |
| EPGP | GMAT / GRE |
| PGPEM | CAT / GMAT / GRE / IIMB Test |
| Doctoral Programme | Programme/area-specific accepted tests |
| Other Programmes | As specified in their respective admission policies |
Domestic admission to the flagship PGP takes place primarily through CAT.
International applicants who qualify under IIMB’s international-admission route use GMAT, subject to the institute’s applicable requirements.
IIM Bangalore CAT Cut-off
Understanding IIM Bangalore’s CAT cut-off requires an important distinction:
The published minimum cut-off is not necessarily the percentile at which candidates actually receive interview calls.
For the PGP 2026–28 admission policy, IIMB states that its first shortlist is based on predetermined minimum CAT sectional requirements.
The policy provides the following previous-cycle reference cut-offs:
| Category | VARC | DILR | QA | Overall |
|---|---|---|---|---|
| General | 80 | 75 | 75 | 85 |
| NC-OBC | 70 | 65 | 65 | 75 |
| EWS | 70 | 65 | 65 | 75 |
| SC | 65 | 60 | 60 | 70 |
| ST | 55 | 55 | 55 | 65 |
| PwD | 50 | 50 | 50 | 60 |
IIM Bangalore explicitly notes that these are first-shortlist thresholds and that CAT scores of candidates actually invited for interviews were higher.
Expected CAT Cut-off for IIM Bangalore
For MBA4U readers, it is useful to separate the two concepts:
Published qualifying cut-off – General category
85 percentile overall
Practical CAT target for a highly competitive General-category profile
99+ percentile
The second figure should be treated as a target rather than an official cut-off.
Why?
Because IIM Bangalore does not shortlist candidates on CAT percentile alone.
Your:
Class 10 marks
Class 12 marks
Graduation performance
CAT sectional scores
Work experience
Professional qualifications
Gender diversity
Written Ability Test
Personal Interview
can all affect the final outcome.
Therefore:
85 percentile = minimum published threshold in the referenced policy
but
99+ percentile = a much stronger aspirational target for a General-category CAT candidate.
Even 99+ does not guarantee an IIM Bangalore interview call or admission.
IIM Bangalore MBA Eligibility
For the PGP 2026–28, candidates must have:
General / NC-OBC / EWS
A Bachelor’s degree in any discipline with at least:
50% marks or equivalent CGPA
SC / ST / PwD
Minimum:
45% marks or equivalent CGPA
Candidates must also hold a CAT score valid for the relevant admission cycle.
Applicants without a bachelor’s degree who have completed qualifications such as CA, ICWA or CS after Class XII may also be eligible under the conditions specified in IIMB’s admission policy.
Can Final-Year Graduation Students Apply?
Candidates studying in the final year can apply subject to satisfying IIM Bangalore’s applicable documentation and degree-completion requirements.
Applicants should carefully verify the specific deadline for submitting their final graduation result or certificate for their admission cycle.
IIM Bangalore Admission Process
Admission to IIM Bangalore’s MBA programme is conducted through a multi-stage selection procedure.
Stage 1 – CAT
Domestic applicants must appear for CAT and satisfy IIMB’s minimum overall and sectional requirements.
However, merely clearing the cut-off does not guarantee an interview call.
Stage 2 – Initial Shortlisting
For candidates in the first shortlist, IIMB calculates a pre-PI score.
For the 2026–28 admission process, the components include:
| Component | Pre-PI Weight |
|---|---|
| CAT | 55 |
| Class 10 | 10 |
| Class 12 | 10 |
| Bachelor’s Degree | 10 |
| Work Experience / Professional Course | 10 |
| Gender Diversity | 5 |
Within CAT’s 55-point weight:
VARC – 19
DILR – 21
QA – 15
This is one reason IIM Bangalore should not be approached as a “CAT percentile only” B-school.
Stage 3 – Written Ability Test
Shortlisted candidates participate in the Written Ability Test (WAT).
The institute states that candidates are required to write a note, with the WAT lasting approximately 30 minutes.
The writing is evaluated on both content and style.
Stage 4 – Personal Interview
Candidates shortlisted for the next stage undergo a:
Personal Interview – PI
The PI carries substantial importance in the final selection.
Stage 5 – Final Composite Score
For candidates called for interview in the 2026–28 process, the post-PI weights are:
| Parameter | Weight |
|---|---|
| Personal Interview | 40 |
| WAT | 10 |
| CAT | 25 |
| Class 10 | 5 |
| Class 12 | 5 |
| Bachelor’s Degree | 5 |
| Work Experience / Professional Course | 10 |
The 40% weight given to the Personal Interview clearly shows why preparing only for CAT is not enough.
Final admission offers are made according to the post-PI composite score and applicable category-wise admission policy.
Two Reference Letters
Another important feature of the current IIM Bangalore application process is the requirement for:
Two online reference letters
IIMB states that references should preferably be obtained from:
A current or previous employer, or
A teacher at an academic institution attended by the applicant.
The references are submitted online directly by the referees and form part of the application.
This is an important point MBA aspirants should prepare for early rather than waiting until the final application stage.
IIM Bangalore Specialisations
Like IIM Ahmedabad, the flagship IIM Bangalore MBA is better understood as a general-management MBA with substantial elective flexibility, rather than a conventional programme requiring every student to choose a single fixed specialisation.
Students can shape their academic profile through courses and electives across areas such as:
Finance & Accounting
Marketing
Strategy
Decision Sciences
Production & Operations Management
Organisational Behaviour
Human Resources Management
Economics
Entrepreneurship
Information Systems
Public Policy
Business Analytics
Supply Chain Management
Digital Business
Technology Management
Candidates specifically interested in data-driven decision-making can also consider IIMB’s dedicated MBA/PGP in Business Analytics (PGPBA).
IIM Bangalore Placements 2026
IIM Bangalore continues to record exceptionally strong placement participation from consulting, technology, finance, consumer, e-commerce, conglomerate and other sectors.
For the combined PGP and PGPBA Class of 2026, the institute reported:
Students appearing for placements: 596
Total offers: 664
Participating firms: 177
This means the graduating class received more job offers than the number of students participating in the placement process.
IIM Bangalore Average Package
Unlike many B-schools, IIM Bangalore’s placement announcements do not always place a single average salary figure prominently in the headline release.
For example, the institute’s official 2026 final-placement announcement highlights:
596 students
664 offers
177 firms
Sector distribution
Recruiter participation
rather than simply marketing the placement process around one “average CTC” number.
MBA4U Recommendation
For your college information table, I recommend writing:
Average Package: Refer latest official IIMB Placement Report
rather than copying a figure from an unofficial college aggregator.
For context, the institute officially reported a median annual salary of ₹32.5 lakh for the PGP/PGPBA 2024 placement cycle.
Because placement compensation changes each year, the current 2026 Placement Report should be treated as the final source when quoting salary statistics.
IIM Bangalore Highest Package
Highest Package: Not publicly highlighted in IIMB’s official 2026 final-placement announcement
I recommend not publishing an unofficial “highest package” figure taken from third-party websites unless it can be matched to IIMB’s official placement report.
For MBA4U, a safer entry is:
Highest Package: Not officially disclosed in the main 2026 placement release.
This keeps the profile factually defensible.
IIM Bangalore Top Recruiters
IIM Bangalore attracts leading employers across consulting, technology, banking, investment, FMCG, e-commerce and general management.
According to the 2026 placement announcement, Accenture was the largest recruiter with 101 offers, while Bain & Company made 23 offers.
Major recruiter categories at IIMB typically include organisations from:
Consulting
Accenture
Bain & Company
Boston Consulting Group
McKinsey & Company
EY-Parthenon
Deloitte
Kearney
Banking & Financial Services
Goldman Sachs
JPMorgan Chase
Morgan Stanley
Citi
HSBC
Investment and private-equity firms
Technology & Product
Microsoft
Amazon
Google and other technology/product companies
Enterprise technology companies
Digital businesses
FMCG & Consumer
Hindustan Unilever
Procter & Gamble
ITC
Consumer-focused multinational companies
General Management & Conglomerates
Tata Group companies
Aditya Birla Group
Reliance
Mahindra Group
Other major corporate groups
Recruiter composition varies from one placement year to another, so students should view these names as representative rather than a guaranteed list for future batches.
Why Consulting Is Important at IIM Bangalore
Consulting is historically one of the most prominent career sectors at IIM Bangalore.
For MBA students interested in:
Strategy consulting
Management consulting
Digital transformation
Operations consulting
Technology consulting
Organisational transformation
IIMB offers one of India’s strongest recruiting ecosystems.
The 2026 placement cycle again recorded significant participation from consulting employers.
IIM Bangalore Scholarships and Financial Aid
High programme fees should not automatically discourage candidates with limited family income.
IIM Bangalore operates a structured financial-aid programme.
For PGP students, candidates with:
Annual household income below ₹8 lakh
are eligible to apply for financial aid under the institute’s stated criteria.
Need-based aid may depend on factors including:
Family income
Family assets
Financial circumstances
Number of dependants
Other relevant financial parameters
Scholarships Available at IIM Bangalore
IIM Bangalore lists multiple scholarship opportunities, including:
Aditya Birla Scholarship
A merit-based scholarship available to eligible PGP students.
Need-Based Financial Aid
IIMB’s giving information states that need-based scholarships can cover up to 100% of fees, depending on demonstrated financial need.
Ubuntu Scholarship
The Ubuntu Scholarship is offered on a merit-cum-means basis to eligible second-year PGP students, subject to academic and financial-aid conditions.
Other scholarships may include donor-funded, corporate-supported and merit-cum-means awards.
Students should check the scholarship page after admission because:
Scholarship availability can change
Eligibility criteria differ
Award amounts vary
Certain scholarships require a separate application
IIM Bangalore Hostel
Hostel Available: Yes
The flagship MBA is a residential programme, and IIM Bangalore provides student accommodation on campus.
The programme fee for the PGP 2026–28 includes:
Hostel room rent
Service charges
along with several academic charges.
Students typically live within IIMB’s residential campus during the programme, creating a highly immersive academic and peer-learning environment.
IIM Bangalore Campus
IIM Bangalore’s campus on Bannerghatta Road is one of the most recognisable B-school campuses in India.
Beyond classrooms, the institute provides facilities supporting:
Residential life
Library and academic resources
Computing facilities
Student clubs
Sports
Entrepreneurship
Research
Events
Corporate interaction
IIMB describes its computing environment as offering modern technology infrastructure supporting academic and institutional activities.
Why Choose IIM Bangalore for MBA?
1. Top National Ranking
IIM Bangalore is #2 in NIRF Management 2025.
2. Strong Placement Ecosystem
The Class of 2026 recorded 664 offers for 596 participating PGP/PGPBA students from 177 firms.
3. Bengaluru Location
Its presence in Bengaluru provides exposure to India’s:
Technology ecosystem
Start-up ecosystem
Consulting firms
Venture capital community
Product companies
Global capability centres
4. Strong Consulting Opportunities
IIMB is particularly attractive for candidates interested in management consulting and strategy roles.
5. Business Analytics
The dedicated PGP in Business Analytics provides another route for candidates who want to combine management education with data-driven decision-making.
6. International Recognition
EQUIS accreditation adds to IIM Bangalore’s international standing.
7. Strong Alumni Network
IIMB alumni work across senior management, entrepreneurship, consulting, finance, technology, academia and public policy.
8. Excellent Elective Flexibility
Students can create a career-aligned combination of electives rather than being restricted to one conventional MBA specialisation.
Who Should Target IIM Bangalore?
IIM Bangalore should be a priority B-school if you:
Are targeting 99+ CAT percentile
Have strong Class 10 and Class 12 academics
Have a strong graduation record
Have meaningful work experience
Want consulting, technology, finance, product-management or general-management roles
Are interested in analytics and technology
Prefer a rigorous residential MBA
Want strong international recognition
Value Bengaluru’s business and technology ecosystem
Is Work Experience Important for IIM Bangalore?
Work experience is not mandatory for the regular two-year PGP, but relevant work experience receives explicit weight in the selection process.
For the PGP 2026–28 pre-PI stage:
Work Experience / Professional Course = 10 points
At the post-PI stage:
Work Experience / Professional Course = 10 points
IIM Bangalore also evaluates the quality of work experience during the post-interview selection process.
This makes IIM Bangalore particularly interesting for CAT candidates who already have meaningful professional experience.
IIM Bangalore vs IIM Ahmedabad – Quick Comparison
| Parameter | IIM Bangalore | IIM Ahmedabad |
|---|---|---|
| Established | 1973 | 1961 |
| Location | Bengaluru | Ahmedabad |
| NIRF Management 2025 | #2 | #1 |
| Flagship Programme | MBA – PGP | MBA – PGP |
| Duration | 2 Years | 2 Years |
| Primary Exam | CAT | CAT |
| Programme Fee | ₹26 lakh – PGP 2026–28 | Check applicable batch fee |
| General Published CAT Threshold | 85 overall in referenced threshold | Higher threshold under current IIMA policy |
| Popular Career Area | Consulting, Tech, Finance, Product | Consulting, Finance, General Management |
| Business Analytics MBA | Yes – PGPBA | Analytics electives/programmes available |
| Hostel | Yes | Yes |
IIM Bangalore and IIM Ahmedabad should both be treated as dream B-schools rather than safe CAT options, irrespective of the published qualifying percentile.
IIM Bangalore: MBA4U Admission Perspective
One of the biggest mistakes an MBA aspirant can make is to see:
“IIM Bangalore CAT Cut-off = 85 percentile”
and conclude that an 85–90 percentile CAT score is normally sufficient for admission.
It isn’t.
IIM Bangalore itself explains that the cut-offs used for the first shortlist are only minimum thresholds and that the scores of candidates eventually called for interviews are higher.
For a General-category student, MBA4U would recommend treating:
99+ percentile as the serious CAT target
while understanding that CAT is only one part of the selection equation.
A candidate with:
99.5 CAT percentile + weak academics
and another with:
99 percentile + excellent Class 10/12/graduation + quality work experience
may have very different shortlisting prospects.
IIM Bangalore’s admission process explicitly assigns weight to academics, work experience and diversity before the interview.
And after receiving an interview call, the situation changes considerably:
Personal Interview alone carries 40% weight.
Therefore, CAT gets you into the competition; your complete profile and interview performance determine whether you finally convert IIM Bangalore.
IIM Bangalore Quick Facts
| Parameter | IIM Bangalore |
|---|---|
| Full Name | Indian Institute of Management Bangalore |
| Short Name | IIMB / IIM Bangalore |
| Location | Bengaluru, Karnataka |
| Established | 1973 |
| Institute Type | Public Autonomous Management Institute |
| Status | Institution of National Importance |
| Accreditation | EQUIS |
| NIRF Management 2025 | #2 |
| Flagship Course | MBA – PGP |
| Programme Duration | 2 Years |
| Mode | Full-Time Residential |
| Entrance Exam | CAT |
| MBA Fee 2026–28 | ₹26 lakh |
| General Published Overall CAT Threshold | 85 percentile in the referenced first-shortlist threshold |
| Recommended CAT Target – General | 99+ percentile |
| PGP/PGPBA Placement Participants 2026 | 596 |
| Offers 2026 | 664 |
| Recruiting Firms 2026 | 177 |
| Highest Package 2026 | Not officially highlighted in main placement announcement |
| Hostel | Yes |
| Financial Aid | Yes |
| Official Website | https://www.iimb.ac.in/ |
IIM Bangalore FAQs
What is the CAT cut-off for IIM Bangalore?
The admission policy for the PGP 2026–28 cycle references a General-category first-shortlist threshold of 85 percentile overall, with sectional requirements of 80 in VARC and 75 each in DILR and QA. IIMB clearly states that candidates actually called for interviews had higher scores.
Is 99 percentile enough for IIM Bangalore?
A 99 percentile CAT score is highly competitive but does not guarantee an interview call or admission. IIM Bangalore considers CAT, Class 10, Class 12, graduation marks, work experience/professional qualifications and other factors while shortlisting applicants.
What is the MBA fee at IIM Bangalore?
The fee for the PGP 2026–28 domestic batch is ₹26 lakh for two years, plus the applicable caution deposit.
What is the NIRF rank of IIM Bangalore?
IIM Bangalore is ranked #2 in India in the NIRF Management Ranking 2025.
Which entrance exam is accepted by IIM Bangalore for MBA?
Domestic applicants to the flagship two-year MBA/PGP are primarily admitted through the CAT.
What is the average package of IIM Bangalore?
IIM Bangalore’s 2026 placement announcement reports placement participation and offer numbers but does not prominently state a simple average CTC figure. For accuracy, students should refer to the institute’s official Placement Report 2026 rather than relying on unsourced third-party numbers.
What is the highest package at IIM Bangalore?
The institute’s main official 2026 final-placement announcement does not prominently disclose a highest-package figure. MBA4U therefore recommends avoiding unofficial highest-package claims unless they can be verified against IIMB’s official placement report.
Does IIM Bangalore offer hostel accommodation?
Yes. The flagship PGP is residential, and the 2026–28 programme fee includes hostel room rent and service charges.
Does IIM Bangalore offer scholarships?
Yes. IIMB offers need-based financial assistance and several scholarships. PGP students with annual household income below ₹8 lakh are eligible to apply for financial aid under the institute’s stated criteria.
Does IIM Bangalore have an MBA in Business Analytics?
Yes. IIM Bangalore offers the two-year PGP in Business Analytics (PGPBA), and its 2026–28 domestic programme fee is ₹26 lakh.
Does IIM Bangalore require work experience for MBA?
No. Work experience is not compulsory for the regular PGP, although relevant professional experience receives weight in the admission process.
Is IIM Bangalore government or private?
IIM Bangalore is a public autonomous management institution within India’s IIM system and is an Institution of National Importance.
Official Website
Indian Institute of Management Bangalore
Address:
Indian Institute of Management Bangalore
Bannerghatta Road
Bengaluru – 560076
Karnataka, India
MBA4U Note
Fees, CAT cut-offs, selection criteria, scholarships, intake and placement statistics can change from one admission cycle to another. Students should always check the latest admission notification and official placement report on the IIM Bangalore website before applying.
Profile updated: August 2026.