Ridings Consulting Engineers IPO Subscription Details (Live Status)

Ridings Consulting Engineers IPO Subscription Status Live

Ridings Consulting Engineers IPO subscribed 1.32 times. The public issue subscribed 1.83 times in the retail category, 0.81 times in Other category by Mar 16, 2018.

Investor Category	Subscription (times)
Others	0.81
Retail Investors	1.83
Total	1.32

Ridings Consulting Engineers IPO (Day-wise) Subscription Details (times)

Date	Other	Retail	Total
Day 1 Mar 14, 2018	0.15	0.87	0.51
Day 2 Mar 15, 2018	0.15	1.10	0.63
Day 3 Mar 16, 2018	0.81	1.83	1.32

Ridings Consulting Engineers IPO Shares Offered

Ridings Consulting Engineers IPO is a public issue of 3,456,000 equity shares. The issue offers 1,728,000 shares to retail investors, 1,728,000 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	1,728,000	3.11	50.00%
Retail	1,728,000	3.11	50.00%
Total*	3,456,000	6.22	100%

* Market maker portion is not 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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Ridings Consulting Engineers IPO Subscription FAQs

The Ridings Consulting Engineers IPO is subscribed 1.32 by Mar 16, 2018.