
This report provides the Top 10 SME IPOs of 2026 by the number of NII applications received, indicates strong demand and confidence from high-net-worth individuals, corporates, and other sophisticated investors.
Non-Institutional Investors are high net worth individual, trust, corporate, or partnership firm who invests more than ₹2 lakh in an IPO. A high number of applications from NIIs signals strong demand and confidence from more sophisticated or larger investors, highlighting their belief in the company’s growth potential and attractive pricing.
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