A total of 15,22,186 shares at a price of Rs 326 per share will be allotted to the anchor investors.
Anchor investors bid opening date | May 10, 2022 |
Anchor investor price | Rs.326.00 |
Anchor investors as % of QIBs | 60.00% |
No. of shares locked-in for 30 days | 7,61,093 |
No. of shares locked-in for 90 days | 7,61,093 |
S.No. | Anchor Investor | No. of Shares Allotted | Amount (Rs.cr.) | % Allotment within Anchor Investor Portion | % Allotment of Issue |
---|---|---|---|---|---|
1 | NIPPON INDIA MUTUAL FUND | 7,00,028 | 22.82 | 45.99 | 13.80 |
2 | KOTAK MAHINDRA LIFE INSURANCE CO.LTD. | 6,06,510 | 19.77 | 39.84 | 11.95 |
3 | INDIA SME INVESTMENT-FUND I | 2,15,648 | 7.03 | 14.17 | 4.25 |
15,22,186 | 49.62 | 100 | 30.00 |
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 Venus Pipes IPO is subscribed 16.31 times by May 13, 2022 17:00.
Investor Category | Subscription (times) |
---|---|
Qualified Institutional | 12.02 |
Non Institutional | 15.66 |
Retail Individual | 19.04 |
Total Subscription | 16.31 |
An investor can apply in Venus Pipes IPO online via bank (using ASBA) or the broker (using UPI). The Venus Pipes IPO shares are offered online only.
The Venus Pipes IPO is subscribed 16.31 times by May 13, 2022 17:00.
The Venus Pipes IPO allotment status is expected on or around Thursday, May 19, 2022. Visit Venus Pipes IPO allotment status to check.
The Venus Pipes IPO listing date is May 24, 2022. The equity share of Venus Pipes IPO will list on BSE, NSE.
Visit Venus Pipes IPO subscription status page for real-time bidding information about Venus Pipes IPO.
IPO opens On | Wednesday, May 11, 2022 |
IPO Closes On | Friday, May 13, 2022 |
Finalisation of Basis of Allotment | Thursday, May 19, 2022 |
Initiation of Refunds | Friday, May 20, 2022 |
Credit of Shares to Demat Account | Monday, May 23, 2022 |
IPO Listing Date | Tuesday, May 24, 2022 |