April 23, 2010 - April 27, 2010

Nitesh Estates IPO Subscription Details

Nitesh Estates IPO Subscription Status Live

Nitesh Estates IPO subscribed 1.16 times. The public issue subscribed 0.16 times in the retail category, 2.54 times in QIB, and 0.22 times in the NII category by April 27, 2010 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	2.54	26,651,800
Non-Institutional Buyers	0.22	11,250,000
Retail Investors	0.16	26,250,000
Employees	[.]	0
Others	[.]	0
Total	1.16	64,151,800

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

Nitesh Estates IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 April 23, 2010	0.38	0.01	0.01	0.16
Day 2 April 26, 2010	0.42	0.01	0.05	0.19
Day 3 April 27, 2010	2.54	0.22	0.16	1.16

Nitesh Estates IPO Shares Offered

Nitesh Estates IPO is a public issue of 64,151,800 equity shares. The issue offers 26,250,000 shares to retail investors, 26,651,800 shares to qualified institutional buyers, and 11,250,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	26,651,800	143.92	41.54%
NII	11,250,000	60.75	17.54%
Retail	26,250,000	141.75	40.92%
Total	64,151,800	346.42	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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Nitesh Estates IPO Subscription FAQs

The Nitesh Estates IPO is subscribed 1.16 by April 27, 2010.