October 20, 2020 - October 22, 2020

Equitas Small Finance Bank IPO Subscription Details

Equitas Small Finance Bank IPO Subscription Status Live

Equitas Small Finance Bank IPO subscribed 1.95 times. The public issue subscribed 2.08 times in the retail category, 3.91 times in QIB, and 0.22 times in the NII category by October 22, 2020 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	3.91	27,975,001	10,93,43,250	360.83
Non-Institutional Buyers	0.22	21,487,500	47,82,600	15.78
Retail Investors	2.08	50,137,500	10,44,63,000	344.73
Employees	1.84	312,500	5,74,650	1.90
Others	0.42	15,937,500	66,30,750	21.88
Total	1.95	115,850,001	22,57,94,250	745.12

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

Equitas Small Finance Bank IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Other	Total
Day 1 October 20, 2020	0.00	0.01	0.38	0.12	0.05	0.17
Day 2 October 21, 2020	0.00	0.02	0.64	0.25	0.08	0.29
Day 3 October 22, 2020	3.91	0.22	2.08	1.84	0.42	1.95

Equitas Small Finance Bank IPO Shares Offered

Equitas Small Finance Bank IPO is a public issue of 115,850,001 equity shares. The issue offers 50,137,500 shares to retail investors, 27,975,001 shares to qualified institutional buyers, and 21,487,500 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	27,975,001	92.32	24.15%
NII	21,487,500	70.91	18.55%
Retail	50,137,500	165.45	43.28%
Employee	312,500	1.03	0.27%
Others	15,937,500	52.59	13.76%
Total	115,850,001	382.31	100%

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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Equitas Small Finance Bank IPO Subscription FAQs

The Equitas Small Finance Bank IPO is subscribed 1.95 by October 22, 2020.