December 7, 2021 - December 9, 2021

RateGain IPO Subscription Details

RateGain IPO Subscription Status Live

RateGain IPO subscribed 17.41 times. The public issue subscribed 8.08 times in the retail category, 8.42 times in QIB, and 42.04 times in the NII category by December 9, 2021 (Day 3).

Application Wise IPO Subscription (Retail): 7.34 times

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	8.42	9,393,424	7,90,84,950	3,361.11
Non-Institutional Buyers	42.04	4,696,711	19,74,52,290	8,391.72
Retail Investors	8.08	3,131,141	2,52,90,125	1,074.83
Employees	1.37	129,870	1,77,415	7.54
Others	[.]	0	0	0
Total	17.41	17,351,146	30,20,04,780	12,835.20

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

RateGain IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 December 7, 2021	0.00	0.04	2.23	0.34	0.41
Day 2 December 8, 2021	0.00	0.08	3.98	0.72	0.75
Day 3 December 9, 2021	8.42	42.04	8.08	1.37	17.41

RateGain IPO Shares Offered

RateGain IPO is a public issue of 17,351,146 equity shares. The issue offers 3,131,141 shares to retail investors, 9,393,424 shares to qualified institutional buyers, and 4,696,711 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	9,393,424	399.22	54.14%
NII	4,696,711	199.61	27.07%
Retail	3,131,141	133.07	18.05%
Employee	129,870	5.52	0.75%
Total	17,351,146	737.42	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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RateGain IPO Subscription FAQs

The RateGain IPO is subscribed 17.41 by December 9, 2021.