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The "employee category" in an IPO refers to a specific quota of shares reserved by the company for its eligible employees.
Up to 5% of the total issue size can be reserved for employees, as per SEBI regulations. This is intended to encourage employee participation in the company’s growth and foster a sense of ownership, also align employee interests with shareholders.
In the case of under-subscription of the employee category, unsubscribed shares are reallocated to another investor category.
