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| Issue Open | Sep 24, 2018 |
| Issue Close | Sep 26, 2018 |
| IPO Price | ₹40 |
| Face Value | ₹10 |
| IPO Size | ₹12.26 Cr |
| Listing At | BSE SME |
| IPO Lot Size | 3000 |
Innovative Ideals IPO subscribed 1.30 times. The public issue subscribed 1.58 times in the retail category, [.] times in QIB, and 1.01 times in the NII category by Sep 26, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | [.] |
| Non-Institutional Buyers | 1.01 |
| Retail Investors | 1.58 |
| Employees | [.] |
| Others | [.] |
| Total | 1.30 |
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1 | 0.21 | 0.05 | 0.13 |
Day 2 | 0.27 | 0.10 | 0.18 |
Day 3 | 1.01 | 1.58 | 1.30 |
Innovative Ideals IPO is a public issue of 2,911,000 equity shares. The issue offers 1,455,500 shares to retail investors, 0 shares to qualified institutional buyers, and 1,455,500 shares to non-institutional investors.
| Category | Shares Offered | % |
|---|---|---|
| NII | 1,455,500 | 50.00% |
| Retail | 1,455,500 | 50.00% |
| Total | 2,911,000 | 100% |
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.
Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.
The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
The Innovative Ideals IPO is subscribed 1.30 by Sep 26, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | [.] |
| Non Institutional | 1.01 |
| Retail Individual | 1.58 |
| Employee Reservations | [.] |
| Others | [.] |
| Total Subscription | 1.30 |
An investor can apply in Innovative Ideals IPO online via bank (using ASBA) or the broker (using UPI). The Innovative Ideals IPO shares are offered online only.
The Innovative Ideals IPO is subscribed 1.30 by Sep 26, 2018.
The Innovative Ideals IPO allotment status is expected on or around Oct 1, 2018. Visit Innovative Ideals IPO allotment status to check.
Visit Innovative Ideals IPO subscription status page for real-time bidding information about Innovative Ideals IPO.
| IPO Opens On | Sep 24, 2018 |
| IPO Closes On | Sep 26, 2018 |
| Finalisation of Basis of Allotment | Oct 1, 2018 |
| Initiation of Refunds | Oct 3, 2018 |
| Credit of Shares to Demat Account | Oct 4, 2018 |
| IPO Listing Date | Oct 5, 2018 |
Useful Articles
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
