September 12, 2023 - September 15, 2023

Kundan Edifice IPO Subscription Details

Kundan Edifice IPO Subscription Status Live

Kundan Edifice IPO subscribed 42.27 times. The public issue subscribed 44.13 times in the retail category, 35.68 times in Other category by September 15, 2023.

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Others	35.68	1,315,200	4,69,20,000	426.97
Retail Investors	44.13	1,315,200	5,80,44,000	528.20
Total *	42.27	2,630,400	11,11,76,400	1,011.71

Total Application : 48,370 (44.13 times)

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

* Market Maker portion of 141,600 equity shares not included.

Kundan Edifice IPO (Day-wise) Subscription Details (times)

Date	Other	Retail	Total
Day 1 September 12, 2023	0.23	1.99	1.11
Day 2 September 13, 2023	0.56	5.09	2.83
Day 3 September 14, 2023	3.11	16.36	9.73
Day 4 September 15, 2023	35.68	44.13	42.27

Kundan Edifice IPO Shares Offered

Kundan Edifice IPO is a public issue of 2,772,000 equity shares. The issue offers 1,315,200 shares to retail investors, 1,315,200 shares to other investors. The other investors include applicants other than retail i.e. HNI, corporates, institutions, (NII and QIB).

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Market Maker	141,600	1.29	5.11%
Other	1,315,200	11.97	47.45%
Retail	1,315,200	11.97	47.45%
Total	2,772,000	25.23	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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Kundan Edifice IPO Subscription FAQs

The Kundan Edifice IPO is subscribed 42.27 by September 15, 2023.