Ranjeet Mechatronics IPO Subscription Details (Live Status)

Ranjeet Mechatronics IPO Details

IPO Open	Sep 12, 2018
IPO Close	Sep 17, 2018
IPO Price	₹25
Face Value	₹10
IPO Size	₹4.50 Cr
Listing At	BSE SME
Lot Size	6000

Ranjeet Mechatronics IPO Subscription Status Live

Ranjeet Mechatronics IPO subscribed 69.75 times. The public issue subscribed 62.03 times in the retail category, [.] times in QIB, and 77.48 times in the NII category by Sep 17, 2018.

Investor Category	Subscription (times)
Qualified Institutions	[.]
Non-Institutional Buyers	77.48
Retail Investors	62.03
Employees	[.]
Others	[.]
Total	69.75

Ranjeet Mechatronics IPO Subscription Details (times)

Date	NII	Retail	Total
Day 1 Sep 12, 2018	8.80	2.25	5.52
Day 2 Sep 14, 2018	8.83	4.92	6.88
Day 3 Sep 17, 2018	77.48	62.03	69.75

Ranjeet Mechatronics IPO Shares Offered

Ranjeet Mechatronics IPO is a public issue of 1,704,000 equity shares. The issue offers 852,000 shares to retail investors, 0 shares to qualified institutional buyers, and 852,000 shares to non-institutional investors.

Category	Shares Offered	Size (%)
NII	852,000	50.00%
Retail	852,000	50.00%
Total	1,704,000	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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Ranjeet Mechatronics IPO Subscription FAQs

The Ranjeet Mechatronics IPO is subscribed 69.75 by Sep 17, 2018.