A total of 42,13,731 shares at a price of Rs 524 per share will be allotted to the anchor investors.
Anchor investors bid opening date | Dec 19, 2023 |
Anchor investor price | Rs.524.00 |
Anchor investors as % of QIBs | 60.00% |
No. of shares locked-in for 30 days | 21,06,866 |
No. of shares locked-in for 90 days | 21,06,866 |
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 Azad Engineering IPO is subscribed 83.04 times by Dec 22, 2023 19:02.
Investor Category | Subscription (times) |
---|---|
Qualified Institutional | 179.64 |
Non Institutional | 90.24 |
Retail Individual | 24.51 |
Total Subscription | 83.04 |
An investor can apply in Azad Engineering IPO online via bank (using ASBA) or the broker (using UPI). The Azad Engineering IPO shares are offered online only.
The Azad Engineering IPO is subscribed 83.04 times by Dec 22, 2023 19:02.
The Azad Engineering IPO allotment status is expected on or around Tuesday, December 26, 2023. Visit Azad Engineering IPO allotment status to check.
The Azad Engineering IPO listing date is December 28, 2023. The equity share of Azad Engineering IPO will list on BSE, NSE.
Visit Azad Engineering IPO subscription status page for real-time bidding information about Azad Engineering IPO.
IPO opens On | Wednesday, December 20, 2023 |
IPO Closes On | Friday, December 22, 2023 |
Finalisation of Basis of Allotment | Tuesday, December 26, 2023 |
Initiation of Refunds | Wednesday, December 27, 2023 |
Credit of Shares to Demat Account | Wednesday, December 27, 2023 |
IPO Listing Date | Thursday, December 28, 2023 |