Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
What is the difference between RII, NII, QIB and Anchor Investor?
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The Aakash Exploration IPO is subscribed 1.48 times by Apr 19, 2018 17:00.
Investor Category | Subscription (times) |
---|---|
Qualified Institutional | |
Non Institutional | 1.59 |
Retail Individual | 1.38 |
Total Subscription | 1.48 |
An investor can apply in Aakash Exploration IPO online via bank (using ASBA) or the broker (using UPI). The Aakash Exploration IPO shares are offered online only.
The Aakash Exploration IPO is subscribed 1.48 times by Apr 19, 2018 17:00.
The Aakash Exploration IPO allotment status is expected on or around Tuesday, April 24, 2018. Visit Aakash Exploration IPO allotment status to check.
The Aakash Exploration IPO listing date is April 27, 2018. The equity share of Aakash Exploration IPO will list on NSE SME.
Visit Aakash Exploration IPO subscription status page for real-time bidding information about Aakash Exploration IPO.
IPO opens On | Tuesday, April 17, 2018 |
IPO Closes On | Thursday, April 19, 2018 |
Finalisation of Basis of Allotment | Tuesday, April 24, 2018 |
Initiation of Refunds | Wednesday, April 25, 2018 |
Credit of Shares to Demat Account | Thursday, April 26, 2018 |
IPO Listing Date | Friday, April 27, 2018 |
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