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 Shiv Aum Steels IPO is subscribed 1.3424 times by Sep 23, 2019 17:00.
Investor Category | Subscription (times) |
---|---|
Qualified Institutional | |
Non Institutional | 2.257 |
Retail Individual | 0.4278 |
Total Subscription | 1.3424 |
An investor can apply in Shiv Aum Steels IPO online via bank (using ASBA) or the broker (using UPI). The Shiv Aum Steels IPO shares are offered online only.
The Shiv Aum Steels IPO is subscribed 1.3424 times by Sep 23, 2019 17:00.
The Shiv Aum Steels IPO allotment status is expected on or around Thursday, September 26, 2019. Visit Shiv Aum Steels IPO allotment status to check.
The Shiv Aum Steels IPO listing date is October 1, 2019. The equity share of Shiv Aum Steels IPO will list on NSE SME.
Visit Shiv Aum Steels IPO subscription status page for real-time bidding information about Shiv Aum Steels IPO.
IPO opens On | Thursday, September 19, 2019 |
IPO Closes On | Monday, September 23, 2019 |
Finalisation of Basis of Allotment | Thursday, September 26, 2019 |
Initiation of Refunds | Friday, September 27, 2019 |
Credit of Shares to Demat Account | Monday, September 30, 2019 |
IPO Listing Date | Tuesday, October 1, 2019 |