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Shares Offered in an IPO are the total shares reserved for various investor categories like Retail, QIB, and NII.
Shares Offered in an IPO are the total number of shares the issuer has reserved for the different investor categories such as Retail, QIB and NII.
The shares are reserved for a certain percentage of the total shares offered in an IPO. This is based on the issue type. The following are the limits for retail investors, non-institutional investors and qualified institutional buyers (QIB):
|
Issue Type |
RII Reservation |
NII Reservation |
QIB Reservation |
|
Book Building IPO (Profitability Route) |
Minimum 35% of the book is reserved for retail investors. |
At least 15% is reserved for NII. 10% are reserved for bNII 5% for the sNII subcategory. |
Not more than 50% |
|
Book Building IPO (QIB Route) |
Not more than 10% is reserved for retail investors. |
Not more than 15% is reserved for NIIs. |
Not less than 75% |
|
Fixed Price IPO |
Minimum 50% of the net offer is allocated to retail investors. |
After allocating at least 50% to retail investors, the remaining portion will be allocated to other individuals, companies, NIIs and QIBs. |
After allocating at least 50% to retail investors, the remainder will be allocated to other individuals, companies, NIIs, and QIBs. |
For Example: As per the above reservation rules, Krystal Integrated Services IPO is a book-building IPO so for Minimum RII 35%, At least NII 15% and for QIB not more than 50%.
|
Investor Category |
Shares Offered |
|
QIB Shares Offered |
839,510 (20.00%) Not more than 50%. |
|
NII (HNI) Shares Offered |
629,633 (15.00%) At least 15% |
|
bNII > ₹10L |
419,755 (10.00%) |
|
sNII < ₹10L |
209,878 (5.00%) |
|
Retail Shares Offered |
1,469,143 (35.00%) Minimum of 35% |
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