Non-institutional bidders (NII)

An Investor who can bid for the value of more than Rs 200000

Individual investors who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. Eligible NRIs, HUFs, companies, corporate bodies, scientific institutions, societies and trusts who apply for than Rs 2 lakhs of IPO shares also falls under NII category. They need not to register with SEBI like RII's. Non-institutional bidders have an allocation of 15% of shares of the total issue size in Book Build IPO's.

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