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 Artedz Fabs IPO is subscribed 1.5438 times by Mar 20, 2019 17:00.
Investor Category | Subscription (times) |
---|---|
Qualified Institutional | |
Non Institutional | 1.3068 |
Retail Individual | 1.7808 |
Total Subscription | 1.5438 |
An investor can apply in Artedz Fabs IPO online via bank (using ASBA) or the broker (using UPI). The Artedz Fabs IPO shares are offered online only.
The Artedz Fabs IPO is subscribed 1.5438 times by Mar 20, 2019 17:00.
The Artedz Fabs IPO allotment status is expected on or around Tuesday, March 26, 2019. Visit Artedz Fabs IPO allotment status to check.
The Artedz Fabs IPO listing date is March 29, 2019. The equity share of Artedz Fabs IPO will list on NSE SME.
Visit Artedz Fabs IPO subscription status page for real-time bidding information about Artedz Fabs IPO.
IPO opens On | Monday, March 18, 2019 |
IPO Closes On | Wednesday, March 20, 2019 |
Finalisation of Basis of Allotment | Tuesday, March 26, 2019 |
Initiation of Refunds | Wednesday, March 27, 2019 |
Credit of Shares to Demat Account | Thursday, March 28, 2019 |
IPO Listing Date | Friday, March 29, 2019 |