MCON Rasayan IPO Subscription Details (Live Status)

MCON Rasayan IPO Subscription Status Live

MCON Rasayan IPO subscribed 384.64 times. The public issue subscribed 453.41 times in the retail category, 307.09 times in Other category by Mar 10, 2023.

Investor Category	Subscription (times)
Others	307.09
Retail Investors	453.41
Total	384.64

Total Application : 122,420 (429.54 times)

MCON Rasayan IPO (Day-wise) Subscription Details (times)

Date	Other	Retail	Total
Day 1 Mar 6, 2023	16.23	32.71	24.47
Day 2 Mar 8, 2023	33.03	115.87	74.45
Day 3 Mar 9, 2023	72.04	241.77	157.91
Day 4 Mar 10, 2023	307.09	453.41	384.64

MCON Rasayan IPO Shares Offered

MCON Rasayan IPO is a public issue of 1,620,000 equity shares. The issue offers 810,000 shares to retail investors, 810,000 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 (%)
Other	810,000	3.24	50.00%
Retail	810,000	3.24	50.00%
Total*	1,620,000	6.48	100%

* Market maker portion is not included.

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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MCON Rasayan IPO Subscription FAQs

The MCON Rasayan IPO is subscribed 384.64 by Mar 10, 2023.