Rex Pipes and Cables IPO Subscription Details (Live Status)

Rex Pipes and Cables IPO Details

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)

  Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs. On 1st May 2022, SEBI introduced a new sub-category as Small NII for applications between Rs 2 lakhs to Rs 10 lakhs.

• 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.

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