Proventus Agrocom IPO Subscription Details (Live Status)

Proventus Agrocom IPO Subscription Status Live

Proventus Agrocom IPO subscribed 2.61 times. The public issue subscribed 0.74 times in the retail category, 4.30 times in Other category by May 26, 2023.

Investor Category	Subscription (times)	Shares Bid for	Total Amount (Rs Cr.)*
Others	4.30	20,36,320	157.00
Retail Investors	0.74	3,18,880	24.59
Total *	2.61	23,55,200	181.59

Total Application : 1,993 (0.74 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 45,120 equity shares included.

Proventus Agrocom IPO (Day-wise) Subscription Details (times)

Date	Other	Retail	Total
Day 1 May 24, 2023	0.05	0.02	0.04
Day 2 May 25, 2023	0.37	0.14	0.26
Day 3 May 26, 2023	4.30	0.74	2.61

Proventus Agrocom IPO Shares Offered

Proventus Agrocom IPO is a public issue of 902,000 equity shares. The issue offers 428,450 shares to retail investors, 473,550 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	473,550	36.51	52.50%
Retail	428,450	33.03	47.50%
Total*	902,000	69.54	100%

* Market maker portion is 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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Proventus Agrocom IPO Subscription FAQs

The Proventus Agrocom IPO is subscribed 2.61 by May 26, 2023.