Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
NII subscription is calculated as:
= Number of shares applied by NIIs / Number of shares offered to NIIs
For example, LG Electronics IPO NII subscription was 22.08 times indicating that NII applied for more than 22 times the shares available to them.
It indicates that the issue has shown strong demand from NII, resulting in 22.08 times subscription. In simple words, the IPO has received bid for 22.08 times higher number of shares than shares offered for NII.
