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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 GIC IPO is subscribed 1.38 times by Oct 13, 2017 20:50.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | 2.25 |
| Non Institutional | 0.22 |
| Retail Individual | 0.63 |
| Employee Reservations | 0.94 |
| Total Subscription | 1.38 |
An investor can apply in GIC IPO online via bank (using ASBA) or the broker (using UPI). The GIC IPO shares are offered online only.
The GIC IPO is subscribed 1.38 times by Oct 13, 2017 20:50.
The GIC IPO allotment status is expected on or around Wednesday, October 18, 2017. Visit GIC IPO allotment status to check.
The GIC IPO listing date is October 25, 2017. The equity share of GIC IPO will list on BSE, NSE.
Visit GIC IPO subscription status page for real-time bidding information about GIC IPO.
| IPO opens On | Wednesday, October 11, 2017 |
| IPO Closes On | Friday, October 13, 2017 |
| Finalisation of Basis of Allotment | Wednesday, October 18, 2017 |
| Initiation of Refunds | Monday, October 23, 2017 |
| Credit of Shares to Demat Account | Tuesday, October 24, 2017 |
| IPO Listing Date | Wednesday, October 25, 2017 |
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