Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

What is the difference between NII Application and NII subscription?

NII Application shows the total number of bids placed by NIIs while NII subscription shows the level of oversubscription, compared to the NII reserved quota.

  • NII Applications = Number of forms/bids submitted by NIIs.
  • NII Subscription = How many times the NII quota is subscribed (demand vs shares reserved).
What is the difference between NII Application and NII subscription?