March 29, 2023 - April 3, 2023

Sotac Pharmaceuticals IPO Subscription Details

Sotac Pharmaceuticals IPO Subscription Status Live

Sotac Pharmaceuticals IPO subscribed 1.60 times. The public issue subscribed 0.91 times in the retail category, 1.00 times in QIB, and 4.04 times in the NII category by April 3, 2023 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	1.00	0	5,70,000	6.33
Non-Institutional Buyers	4.04	428,400	17,29,200	19.19
Retail Investors	0.91	998,400	9,06,000	10.06
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total	1.60	2,850,000	32,05,200	35.58

Total Application : 755 (1.30 times)

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

* Market Maker portion of 150,000 equity shares not included.

Sotac Pharmaceuticals IPO (Day-wise) Subscription Details (times)

Date	NII	Retail	Total
Day 1 March 29, 2023	0.00	0.05	0.02
Day 2 March 31, 2023	0.72	0.15	0.23
Day 3 April 3, 2023	4.04	0.91	1.60

Sotac Pharmaceuticals IPO Shares Offered

Sotac Pharmaceuticals IPO is a public issue of 3,853,200 equity shares. The issue offers 998,400 shares to retail investors, 0 shares to qualified institutional buyers, and 428,400 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	853,200	9.47	22.14%
Market Maker	150,000	1.67	3.89%
NII	428,400	4.76	11.12%
Retail	998,400	11.08	25.91%
Total	3,853,200	42.77	100%

Sotac Pharmaceuticals IPO Anchor Investor Allocation

A total of 853,200 shares at a price of Rs 111 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
2	Ag Dynamic Funds Limited	181,200	111	21.24	20,113,200
3	Forbes Emf	181,200	111	21.24	20,113,200
1	Nav Capital Vcc- Nav Capital Emerging Star Fund	490,800	111	57.52	54,478,800
		853,200		100	94,705,200

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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Sotac Pharmaceuticals IPO Subscription FAQs

The Sotac Pharmaceuticals IPO is subscribed 1.60 by April 3, 2023.