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 Arvind & Co.Shipping IPO is subscribed 385.03 times by Oct 16, 2023 19:29.
Investor Category | Subscription (times) |
---|---|
Qualified Institutional | |
Non Institutional | 436.05 |
Retail Individual | 321.97 |
Total Subscription | 385.03 |
An investor can apply in Arvind & Co.Shipping IPO online via bank (using ASBA) or the broker (using UPI). The Arvind & Co.Shipping IPO shares are offered online only.
The Arvind & Co.Shipping IPO is subscribed 385.03 times by Oct 16, 2023 19:29.
The Arvind & Co.Shipping IPO allotment status is expected on or around Thursday, October 19, 2023. Visit Arvind & Co.Shipping IPO allotment status to check.
The Arvind & Co.Shipping IPO listing date is October 25, 2023. The equity share of Arvind & Co.Shipping IPO will list on NSE SME.
Visit Arvind & Co.Shipping IPO subscription status page for real-time bidding information about Arvind & Co.Shipping IPO.
IPO opens On | Thursday, October 12, 2023 |
IPO Closes On | Monday, October 16, 2023 |
Finalisation of Basis of Allotment | Thursday, October 19, 2023 |
Initiation of Refunds | Friday, October 20, 2023 |
Credit of Shares to Demat Account | Monday, October 23, 2023 |
IPO Listing Date | Wednesday, October 25, 2023 |
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