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 Sungarner Energies IPO is subscribed 152.4 times by Aug 23, 2023 19:29.
Investor Category | Subscription (times) |
---|---|
Qualified Institutional | |
Non Institutional | 110.59 |
Retail Individual | 192.93 |
Total Subscription | 152.4 |
An investor can apply in Sungarner Energies IPO online via bank (using ASBA) or the broker (using UPI). The Sungarner Energies IPO shares are offered online only.
The Sungarner Energies IPO is subscribed 152.4 times by Aug 23, 2023 19:29.
The Sungarner Energies IPO allotment status is expected on or around Monday, August 28, 2023. Visit Sungarner Energies IPO allotment status to check.
The Sungarner Energies IPO listing date is August 31, 2023. The equity share of Sungarner Energies IPO will list on NSE SME.
Visit Sungarner Energies IPO subscription status page for real-time bidding information about Sungarner Energies IPO.
IPO opens On | Monday, August 21, 2023 |
IPO Closes On | Wednesday, August 23, 2023 |
Finalisation of Basis of Allotment | Monday, August 28, 2023 |
Initiation of Refunds | Tuesday, August 29, 2023 |
Credit of Shares to Demat Account | Wednesday, August 30, 2023 |
IPO Listing Date | Thursday, August 31, 2023 |
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