November 7, 2017 - November 9, 2017

HDFC Life IPO Subscription Details

HDFC Life IPO Subscription Status Live

HDFC Life IPO subscribed 4.89 times. The public issue subscribed 0.91 times in the retail category, 16.60 times in QIB, and 2.29 times in the NII category by November 9, 2017 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	16.60	53,379,158
Non-Institutional Buyers	2.29	40,034,328
Retail Investors	0.91	93,413,431
Employees	1.22	2,949,520
Others	0.29	29,982,781
Total	4.89	219,759,218

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

HDFC Life IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Other	Total
Day 1 November 7, 2017	1.40	0.22	0.14	0.44	0.07	0.46
Day 2 November 8, 2017	3.69	0.50	0.36	0.77	0.15	1.17
Day 3 November 9, 2017	16.60	2.29	0.91	1.22	0.29	4.89

HDFC Life IPO Shares Offered

HDFC Life IPO is a public issue of 219,759,218 equity shares. The issue offers 93,413,431 shares to retail investors, 53,379,158 shares to qualified institutional buyers, and 40,034,328 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	53,379,158	1,548.00	24.29%
NII	40,034,328	1,161.00	18.22%
Retail	93,413,431	2,708.99	42.51%
Employee	2,949,520	85.54	1.34%
Others	29,982,781	869.50	13.64%
Total	219,759,218	6,373.02	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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HDFC Life IPO Subscription FAQs

The HDFC Life IPO is subscribed 4.89 by November 9, 2017.