June 16, 2017 - June 20, 2017

Eris Lifesciences IPO Subscription Details

Eris Lifesciences IPO Subscription Status Live

Eris Lifesciences IPO subscribed 3.29 times. The public issue subscribed 3.51 times in the retail category, 4.68 times in QIB, and 0.45 times in the NII category by June 20, 2017 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	4.68	8,617,500	4,03,67,832	2,434.18
Non-Institutional Buyers	0.45	4,308,750	19,37,736	116.85
Retail Investors	3.51	2,872,500	1,00,95,624	608.77
Employees	0.86	150,000	1,29,720	7.82
Others	[.]	0		0
Total	3.29	15,948,750	5,25,30,912	3,167.61

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

Eris Lifesciences IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 June 16, 2017	0.07	0.02	0.41	0.00	0.12
Day 2 June 19, 2017	0.82	0.03	1.68	0.33	0.75
Day 3 June 20, 2017	4.68	0.45	3.51	0.86	3.29

Eris Lifesciences IPO Shares Offered

Eris Lifesciences IPO is a public issue of 15,948,750 equity shares. The issue offers 2,872,500 shares to retail investors, 8,617,500 shares to qualified institutional buyers, and 4,308,750 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	8,617,500	519.64	54.03%
NII	4,308,750	259.82	27.02%
Retail	2,872,500	173.21	18.01%
Employee	150,000	9.05	0.94%
Total	15,948,750	961.71	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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Eris Lifesciences IPO Subscription FAQs

The Eris Lifesciences IPO is subscribed 3.29 by June 20, 2017.