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 IBL Finance IPO is subscribed 17 times by Jan 11, 2024 19:29.
Investor Category | Subscription (times) |
---|---|
Qualified Institutional | |
Non Institutional | 9.94 |
Retail Individual | 24.03 |
Total Subscription | 17 |
An investor can apply in IBL Finance IPO online via bank (using ASBA) or the broker (using UPI). The IBL Finance IPO shares are offered online only.
The IBL Finance IPO is subscribed 17 times by Jan 11, 2024 19:29.
The IBL Finance IPO allotment status is expected on or around Friday, January 12, 2024. Visit IBL Finance IPO allotment status to check.
The IBL Finance IPO listing date is January 16, 2024. The equity share of IBL Finance IPO will list on NSE SME.
Visit IBL Finance IPO subscription status page for real-time bidding information about IBL Finance IPO.
IPO opens On | Tuesday, January 9, 2024 |
IPO Closes On | Thursday, January 11, 2024 |
Finalisation of Basis of Allotment | Friday, January 12, 2024 |
Initiation of Refunds | Monday, January 15, 2024 |
Credit of Shares to Demat Account | Monday, January 15, 2024 |
IPO Listing Date | Tuesday, January 16, 2024 |