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 Brand Concepts IPO is subscribed 11.78 times by Jan 02, 2018 17:00.
Investor Category | Subscription (times) |
---|---|
Qualified Institutional | |
Non Institutional | 12.19 |
Retail Individual | 11.37 |
Total Subscription | 11.78 |
An investor can apply in Brand Concepts IPO online via bank (using ASBA) or the broker (using UPI). The Brand Concepts IPO shares are offered online only.
The Brand Concepts IPO is subscribed 11.78 times by Jan 02, 2018 17:00.
The Brand Concepts IPO allotment status is expected on or around [.]. Visit Brand Concepts IPO allotment status to check.
The Brand Concepts IPO listing date is January 10, 2018. The equity share of Brand Concepts IPO will list on NSE SME.
Visit Brand Concepts IPO subscription status page for real-time bidding information about Brand Concepts IPO.
IPO opens On | Friday, December 29, 2017 |
IPO Closes On | Tuesday, January 2, 2018 |
Finalisation of Basis of Allotment | [.] |
Initiation of Refunds | [.] |
Credit of Shares to Demat Account | [.] |
IPO Listing Date | Wednesday, January 10, 2018 |