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Non-Institutional Bidders / NIBs

Individual investors, NRI's, companies, trusts etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders.

All Bidders that are not QIBs or Retail Individual Bidders and who have Bid for Equity Shares for an amount of more than Rs 200,000 of IPO shares. Non-Institutional Bidders can be the resident of India, Eligible NRI's, HUF's, companies, societies and trusts, corporate bodies, and scientific institution. They don't have to register with SEBI like RII's. They have an allocation of 15% of shares of the total issue size in Book Build IPO's.

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