January 29, 2024 - January 31, 2024

Megatherm Induction IPO Subscription Details

IPO Detail

Stock Price

Megatherm Induction IPO Anchor Investor Allocation

A total of 14,22,800 shares at a price of Rs 108 per share will be allotted to the anchor investors.

Anchor investors bid opening date	Jan 25, 2024
Anchor investor price	Rs.108.00
Anchor investors as % of QIBs	60.00%
No. of shares locked-in for 30 days	7,11,000
No. of shares locked-in for 90 days	7,11,000

S.No.	Anchor Investor	No. of Shares Allotted	Amount (Rs.cr.)	% Allotment within Anchor Investor Portion	% Allotment of Issue
1	MERU INVESTMENT FUND PCC-CELL 1	2,88,800	3.12	20.30	5.79
2	BENGAL FINANCE & INVESTMENT PVT.LTD.	2,78,400	3.01	19.57	5.58
3	CHHATTISGARH INVESTMENTS LTD.	2,78,400	3.01	19.57	5.58
4	ZINNIA GLOBAL FUND PCC-CELL DEWCAP FUND	2,78,400	3.01	19.57	5.58
5	QUANTUM-STATE INVESTMENT FUND	1,95,600	2.11	13.75	3.92
6	FINAVENUE GROWTH FUND	1,03,200	1.11	7.25	2.07
		14,22,800	15.37	100	28.50

IPO Investor Categories

Qualified Institutional Buyers (QIB)
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.
Non-Institutional Investors (NII)
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:
1. sNII (bids below Rs 10L)
  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).
2. bNII (bids above Rs 10L)
  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).
Retail Individual Investors (RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
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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Megatherm Induction IPO Subscription FAQs

The Megatherm Induction IPO is subscribed 196.11 times by Jan 31, 2024 19:30.