Garv Industries IPO Subscription Details (Live Status)

Garv Industries IPO Details

IPO Open	Apr 12, 2018
IPO Close	Apr 17, 2018
IPO Price	₹10
Face Value	₹10
IPO Size	₹3.20 Cr
Listing At	BSE SME
Lot Size	10000

Garv Industries IPO Subscription Status Live

Garv Industries IPO subscribed 2.13 times. The public issue subscribed 1.89 times in the retail category, [.] times in QIB, and 2.17 times in the NII category by Apr 17, 2018.

Investor Category	Subscription (times)
Qualified Institutions	[.]
Non-Institutional Buyers	2.17
Retail Investors	1.89
Employees	[.]
Others	[.]
Total	2.13

Garv Industries IPO Subscription Details (times)

Date	NII	Retail	Total
Day 1 Apr 13, 2018	0.66	0.63	0.68
Day 2 Apr 16, 2018	0.94	0.97	1.01
Day 3 Apr 17, 2018	2.17	1.89	2.13

Garv Industries IPO Shares Offered

Garv Industries IPO is a public issue of 3,030,000 equity shares. The issue offers 1,591,500 shares to retail investors, 0 shares to qualified institutional buyers, and 1,591,500 shares to non-institutional investors.

Category	Shares Offered	Size (%)
NII	1,591,500	52.52%
Retail	1,591,500	52.52%
Total	3,030,000	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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Garv Industries IPO Subscription FAQs

The Garv Industries IPO is subscribed 2.13 by Apr 17, 2018.