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:
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).
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.
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FSN E-Commerce Ventures IPO Subscription FAQs
The FSN E-Commerce Ventures IPO is subscribed 81.7787 times by Nov 01, 2021 17:00.
Retail category of FSN E-Commerce Ventures IPO subscribed 12.2408 times as of date Nov 01, 2021 17:00. The public issue closes on November 1, 2021 for bidding.
An investor can apply in FSN E-Commerce Ventures IPO online via bank (using ASBA) or the broker (using UPI). The FSN E-Commerce Ventures IPO shares are offered online only.
The FSN E-Commerce Ventures IPO is subscribed 81.7787 times by Nov 01, 2021 17:00.
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