Marine Electricals IPO Subscription Details (Live Status)

Marine Electricals IPO Details

IPO Open	Sep 28, 2018
IPO Close	Oct 3, 2018
IPO Price	₹66
Face Value	₹10
IPO Size	₹42.87 Cr
Listing At	NSE SME
Lot Size	2000

Marine Electricals IPO Subscription Status Live

Marine Electricals IPO subscribed 1.23 times. The public issue subscribed 0.43 times in the retail category, [.] times in QIB, and 2.04 times in the NII category by Oct 3, 2018.

Investor Category	Subscription (times)
Qualified Institutions	[.]
Non-Institutional Buyers	2.04
Retail Investors	0.43
Employees	[.]
Others	[.]
Total	1.23

Marine Electricals IPO Subscription Details (times)

Date	NII	Retail	Total
Day 1 Sep 28, 2018	0.30	0.03	0.17
Day 2 Oct 1, 2018	0.89	0.11	0.50
Day 3 Oct 3, 2018	2.04	0.43	1.23

Marine Electricals IPO Shares Offered

Marine Electricals IPO is a public issue of 6,160,000 equity shares. The issue offers 3,080,000 shares to retail investors, 0 shares to qualified institutional buyers, and 3,080,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
NII	3,080,000	20.33	50.00%
Retail	3,080,000	20.33	50.00%
Total	6,160,000	40.66	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)
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. On 1st May 2022, SEBI introduced a new sub-category as Small NII for applications between Rs 2 lakhs to Rs 10 lakhs.
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.

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Marine Electricals IPO Subscription FAQs

The Marine Electricals IPO is subscribed 1.23 by Oct 3, 2018.