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How does NII application amount compare with Retail / RII and QIB application amounts?

  • Retail (RII) investors per application amount is lower (Upto Rs 2 lakh in mainboard IPO and 2 lots in SME IPO) but come from many more investors.
  • QIB are large institutional investors who bid for significant amount so the investment amount per application is high; some IPOs may have even higher QIB demand than NII.

Balancing between QIB, NII, RII demand shows distribution investor confidence in company.