RITES Limited IPO Subscription Details (Live Status)

RITES Limited IPO Subscription Status Live

RITES Limited IPO subscribed 66.74 times. The public issue subscribed 14.24 times in the retail category, 71.71 times in QIB, and 194.56 times in the NII category by Jun 22, 2018.

Investor Category	Subscription (times)
Qualified Institutions	71.71
Non-Institutional Buyers	194.56
Retail Investors	14.24
Employees	0.96
Others	[.]
Total	66.74

RITES Limited IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 Jun 20, 2018	0.02	0.19	1.65	0.23	0.59
Day 2 Jun 21, 2018	0.32	0.49	5.59	0.57	2.11
Day 3 Jun 22, 2018	71.71	194.56	14.24	0.96	66.74

RITES Limited IPO Shares Offered

RITES Limited IPO is a public issue of 25,200,000 equity shares. The issue offers 8,400,000 shares to retail investors, 12,000,000 shares to qualified institutional buyers, and 3,600,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	12,000,000	222.00	47.62%
NII	3,600,000	66.60	14.29%
Retail	8,400,000	155.40	33.33%
Employee	1,200,000	22.20	4.76%
Total*	25,200,000	466.20	100%

* Anchor Investor 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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RITES Limited IPO Subscription FAQs

The RITES Limited IPO is subscribed 66.74 by Jun 22, 2018.