September 12, 2023 - September 14, 2023

Chavda Infra IPO Subscription Details

Chavda Infra IPO Subscription Status Live

Chavda Infra IPO subscribed 180.06 times. The public issue subscribed 202.07 times in the retail category, 95.10 times in QIB, and 241.96 times in the NII category by September 14, 2023 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	95.10	1,264,000	12,02,04,000	781.33
Non-Institutional Buyers*	241.96	948,000	22,93,80,000	1,490.97
Retail Investors	202.07	2,212,000	44,69,84,000	2,905.40
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	180.06	4,424,000	79,65,68,000	5,177.69

Total Application : 223,492 (202.07 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 336,000 equity shares not included.

Chavda Infra IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 September 12, 2023	3.50	4.31	9.26	6.55
Day 2 September 13, 2023	13.86	10.22	30.69	21.50
Day 3 September 14, 2023	95.10	241.96	202.07	180.06

Chavda Infra IPO Shares Offered

Chavda Infra IPO is a public issue of 6,656,000 equity shares. The issue offers 2,212,000 shares to retail investors, 1,264,000 shares to qualified institutional buyers, and 948,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,896,000	12.32	28.49%
Market Maker	336,000	2.18	5.05%
QIB	1,264,000	8.22	18.99%
NII*	948,000	6.16	14.24%
Retail	2,212,000	14.38	33.23%
Total	6,656,000	43.26	100%

Chavda Infra IPO Anchor Investor Allocation

A total of 1,896,000 shares at a price of Rs 65 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	Nav Capital Vcc- Nav Capital Emerging Star Fund	512,000	65	27	33,280,000
2	Morgan Stanley Asia (Singapore) PTE	460,000	65	24.26	29,900,000
3	Rajasthan Global Securities Pvt. Limited	308,000	65	16.24	20,020,000
4	LRSD Securities Private Limited	154,000	65	8.12	10,010,000
5	Neomile Growth Fund - Series I	154,000	65	8.12	10,010,000
6	Moneywise Financial Services Pvt. Ltd.	154,000	65	8.12	10,010,000
7	Acintyo Investment Fund PCC - CELL 1	154,000	65	8.12	10,010,000
		1,896,000		100	123,240,000

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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Chavda Infra IPO Subscription FAQs

The Chavda Infra IPO is subscribed 180.06 by September 14, 2023.