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 Asian Granito IPO is subscribed 4.51 times by Jul 31, 2007 17:00.
Investor Category | Subscription (times) |
---|---|
Qualified Institutional | 3.0964 |
Non Institutional | 10.0061 |
Retail Individual | 4.6581 |
Employee Reservations | 1.3766 |
Total Subscription | 4.51 |
An investor can apply in Asian Granito IPO online via bank (using ASBA) or the broker (using UPI). The Asian Granito IPO shares are offered online only.
The Asian Granito IPO is subscribed 4.51 times by Jul 31, 2007 17:00.
The Asian Granito IPO allotment status is expected on or around [.]. Visit Asian Granito IPO allotment status to check.
The Asian Granito IPO listing date is August 23, 2007. The equity share of Asian Granito IPO will list on BSE, NSE.
Visit Asian Granito IPO subscription status page for real-time bidding information about Asian Granito IPO.
IPO opens On | Thursday, July 26, 2007 |
IPO Closes On | Tuesday, July 31, 2007 |
Finalisation of Basis of Allotment | [.] |
Initiation of Refunds | [.] |
Credit of Shares to Demat Account | [.] |
IPO Listing Date | Thursday, August 23, 2007 |