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 Axita Cotton IPO is subscribed 1.9771 times by Jan 02, 2019 19:49.
Investor Category | Subscription (times) |
---|---|
Qualified Institutional | |
Non Institutional | 2.4024 |
Retail Individual | 1.5518 |
Total Subscription | 1.9771 |
An investor can apply in Axita Cotton IPO online via bank (using ASBA) or the broker (using UPI). The Axita Cotton IPO shares are offered online only.
The Axita Cotton IPO is subscribed 1.9771 times by Jan 02, 2019 19:49.
The Axita Cotton IPO allotment status is expected on or around Monday, January 7, 2019. Visit Axita Cotton IPO allotment status to check.
The Axita Cotton IPO listing date is January 10, 2019. The equity share of Axita Cotton IPO will list on BSE SME.
Visit Axita Cotton IPO subscription status page for real-time bidding information about Axita Cotton IPO.
IPO opens On | Thursday, December 27, 2018 |
IPO Closes On | Wednesday, January 2, 2019 |
Finalisation of Basis of Allotment | Monday, January 7, 2019 |
Initiation of Refunds | Tuesday, January 8, 2019 |
Credit of Shares to Demat Account | Wednesday, January 9, 2019 |
IPO Listing Date | Thursday, January 10, 2019 |