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 Quality Foils IPO is subscribed 364.38 times by Mar 16, 2023 19:30.
Investor Category | Subscription (times) |
---|---|
Qualified Institutional | |
Non Institutional | 464.5 |
Retail Individual | 259.65 |
Total Subscription | 364.38 |
An investor can apply in Quality Foils IPO online via bank (using ASBA) or the broker (using UPI). The Quality Foils IPO shares are offered online only.
The Quality Foils IPO is subscribed 364.38 times by Mar 16, 2023 19:30.
The Quality Foils IPO allotment status is expected on or around Tuesday, March 21, 2023. Visit Quality Foils IPO allotment status to check.
The Quality Foils IPO listing date is March 24, 2023. The equity share of Quality Foils IPO will list on NSE SME.
Visit Quality Foils IPO subscription status page for real-time bidding information about Quality Foils IPO.
IPO opens On | Tuesday, March 14, 2023 |
IPO Closes On | Thursday, March 16, 2023 |
Finalisation of Basis of Allotment | Tuesday, March 21, 2023 |
Initiation of Refunds | Wednesday, March 22, 2023 |
Credit of Shares to Demat Account | Thursday, March 23, 2023 |
IPO Listing Date | Friday, March 24, 2023 |