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 Viaz Tyres IPO is subscribed 5.7898 times by Feb 21, 2023 19:00.
Investor Category | Subscription (times) |
---|---|
Qualified Institutional | |
Non Institutional | 5.3264 |
Retail Individual | 6.2533 |
Total Subscription | 5.7898 |
An investor can apply in Viaz Tyres IPO online via bank (using ASBA) or the broker (using UPI). The Viaz Tyres IPO shares are offered online only.
The Viaz Tyres IPO is subscribed 5.7898 times by Feb 21, 2023 19:00.
The Viaz Tyres IPO allotment status is expected on or around Friday, February 24, 2023. Visit Viaz Tyres IPO allotment status to check.
The Viaz Tyres IPO listing date is March 1, 2023. The equity share of Viaz Tyres IPO will list on NSE SME.
Visit Viaz Tyres IPO subscription status page for real-time bidding information about Viaz Tyres IPO.
IPO opens On | Thursday, February 16, 2023 |
IPO Closes On | Tuesday, February 21, 2023 |
Finalisation of Basis of Allotment | Friday, February 24, 2023 |
Initiation of Refunds | Monday, February 27, 2023 |
Credit of Shares to Demat Account | Tuesday, February 28, 2023 |
IPO Listing Date | Wednesday, March 1, 2023 |