September 27, 2023 - October 3, 2023

Canarys Automations IPO Subscription Details

Canarys Automations IPO Subscription Status Live

Canarys Automations IPO subscribed 9.94 times. The public issue subscribed 11.70 times in the retail category, 2.73 times in QIB, and 14.29 times in the NII category by October 3, 2023 (Day 4).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	2.73	2,880,000	78,56,000	24.35
Non-Institutional Buyers*	14.29	2,736,000	3,91,04,000	121.22
Retail Investors	11.70	5,048,000	5,90,84,000	183.16
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	9.94	10,664,000	10,60,44,000	328.74

Total Application : 14,771 (11.70 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 760,000 equity shares not included.

Canarys Automations IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 September 27, 2023	0.00	0.38	0.43	0.30
Day 2 September 28, 2023	0.00	0.18	0.85	0.45
Day 3 September 29, 2023	0.00	0.59	1.89	1.05
Day 4 October 3, 2023	2.73	14.29	11.70	9.94

Canarys Automations IPO Shares Offered

Canarys Automations IPO is a public issue of 14,656,000 equity shares. The issue offers 5,048,000 shares to retail investors, 2,880,000 shares to qualified institutional buyers, and 2,736,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	3,232,000	10.02	22.05%
Market Maker	760,000	2.36	5.19%
QIB	2,880,000	8.93	19.65%
NII*	2,736,000	8.48	18.67%
Retail	5,048,000	15.65	34.44%
Total	14,656,000	45.43	100%

Canarys Automations IPO Anchor Investor Allocation

A total of 3,232,000 shares at a price of Rs 31 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Negen Undiscovered Value Fund	1,292,000	31	39.98	40,052,000
2	FINAVENUE GROWTH FUND	968,000	31	29.95	30,008,000
3	Saint Capital Fund	648,000	31	20.05	20,088,000
4	VPK Global Ventures Fund - Scheme 1	324,000	31	10.02	10,044,000
		3,232,000		100	100,192,000

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Canarys Automations IPO Subscription FAQs

The Canarys Automations IPO is subscribed 9.94 by October 3, 2023.