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Suratwwala Business IPO Subscription Details (Live Status)

Suratwwala Business IPO Details

IPO Open Aug 3, 2020
IPO Close Aug 5, 2020
IPO Price ₹15
Face Value ₹10
IPO Size ₹6.90 Cr
Listing At BSE SME
Lot Size 8000
Open an Instant Account with Zerodha

Suratwwala Business IPO Subscription Status Live

Suratwwala Business IPO subscribed 1.31 times. The public issue subscribed 0.28 times in the retail category, [.] times in QIB, and 2.35 times in the NII category by Aug 5, 2020.

Investor CategorySubscription (times)
Qualified Institutions[.]
Non-Institutional Buyers2.35
Retail Investors0.28
Employees[.]
Others[.]
Total1.31

Suratwwala Business IPO Subscription Details (times)

DateNIIRetailTotal
Day 1
Aug 3, 2020
0.920.010.47
Day 2
Aug 4, 2020
1.630.060.85
Day 3
Aug 5, 2020
2.350.281.31

Suratwwala Business IPO Shares Offered

Suratwwala Business IPO is a public issue of 4,360,000 equity shares. The issue offers 2,180,000 shares to retail investors, 0 shares to qualified institutional buyers, and 2,180,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
NII2,180,0003.2750.00%
Retail2,180,0003.2750.00%
Total4,360,0006.54100%

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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Suratwwala Business IPO Subscription FAQs

The Suratwwala Business IPO is subscribed 1.31 by Aug 5, 2020.

Suratwwala Business IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional[.]
Non Institutional2.35
Retail Individual0.28
Employee Reservations[.]
Others[.]
Total Subscription1.31

Retail category of Suratwwala Business IPO subscribed 0.28 times as of date Aug 5, 2020. The public issue closes on Aug 5, 2020 for bidding.

An investor can apply in Suratwwala Business IPO online via bank (using ASBA) or the broker (using UPI). The Suratwwala Business IPO shares are offered online only.

The Suratwwala Business IPO is subscribed 1.31 by Aug 5, 2020.

The Suratwwala Business IPO allotment status is expected on or around Aug 10, 2020. Visit Suratwwala Business IPO allotment status to check.

The Suratwwala Business IPO listing date is Thursday, August 13, 2020. The equity share of Suratwwala Business Group Ltd will list on BSE SME.

Visit Suratwwala Business IPO subscription status page for real-time bidding information about Suratwwala Business IPO.

Suratwwala Business IPO Timetable

IPO Opens OnAug 3, 2020
IPO Closes OnAug 5, 2020
Finalisation of Basis of AllotmentAug 10, 2020
Initiation of RefundsAug 11, 2020
Credit of Shares to Demat AccountAug 12, 2020
IPO Listing DateAug 13, 2020