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QIBs / QIB Bidders / Qualified Institutional Buyers

Financial Institutions, Banks, FII's and Mutual Funds who usually apply in very high quantities are called QIB's

Public financial institutions, commercial banks, mutual funds and Foreign Portfolio Investors etc falls under QIB category. SEBI registration is required for institutions to apply under this category. QIB's have an allocation of 50% of shares of the total issue size in Book Build IPO's.

Qualified Institutional Buyers (QIB) as per SEBI:

  • SEBI Registered Mutual Fund, Venture capital fund, Alternative Investment Fund and Foreign Venture Capital investor.
  • SEBI Registered Foreign Portfolio Investor Category I and II.
  • A public financial institution as defined in section 4A of the Companies Act, 1956.
  • A scheduled commercial bank.
  • A multilateral and bilateral development financial institution.
  • A State industrial development corporation.
  • An insurance company registered with the Insurance Regulatory and Development Authority.
  • A provident fund with a minimum corpus of Rs 25 crores.
  • A pension fund with a minimum corpus of Rs 25 crores.
  • National Investment Fund.
  • Insurance funds set up and managed by the army, navy, Air force of the Union of India, or by the Department of Posts, India.

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