L&T Infotech Ltd IPO Message Board (Page 11)

Below 2 lac application is Retail
Above 2 lac is NII

No other criteria

Hi Arun,

But i can see following data in / as below


(i) Retail Individual Investors (RIIs)

‘Retail individual investor’ means an investor who applies or bids for securities of or for a value of not more than Rs. 2,00,000.

(ii) Non Institutional Investors (NIIs)

All applicants, other than QIBs or individuals applying for less than Rs. 2,00,000 are considered as NIIs. Typically, this category includes High Net Worth Individuals (HNIs) and corporate bodies.


BOTH QIB''s & NII''s shows as below Rs. 2,00,000, what are the other criteria?
Can we apply as NII''S with below Rs. 2,00,000 .

What is the difference between retail investor, Non-institutional bidders and Qualified Institutional Bidders (QIBs)?


Investors can apply for shares in an IPO in 4 different categories:

Retail Individual Investor (RII)

In retail individual investor category, investors can not apply for more then Rs two lakh (Rs 2,00,000) in an IPO. Retail Individual investors have an allocation of 35% of shares of the total issue size in Book Build IPO''s.
NRI''s who apply with less then Rs 2,00,000 /- are also considered as RII category.

High Networth Individual (HNI)

If retail investor applies more then Rs 2,00,000 /- of shares in an IPO, they are considered as HNI.

Non-institutional bidders

Individual investors, NRI''s, companies, trusts etc who bid for more then Rs 2 lakhs are known as Non-institutional bidders. They need not to register with SEBI like RII''s. Non-institutional bidders have an allocation of 15% of shares of the total issue size in Book Build IPO''s.

Qualified Institutional Bidders (QIB''s)

Financial Institutions, Banks, FII''s and Mutual Funds who are registered with SEBI are called QIB''s. They usually apply in very high quantities.
QIBs are mostly representatives of small investors who invest through mutual funds, ULIP schemes of insurance companies and pension schemes.

QIB''s have an allocation of 50% of shares of the total issue size in Book Build IPO''s.
In a book built issue allocation to Retail Individual Investors (RIIs), Non Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs) is in the ratio of 35:15: 50 respectively.

QIB''s are prohibited by SEBI guidelines to withdraw their bids after the close of the IPOs. Retail and non-institutional bidders are permitted to withdraw their bids until the day of allotment.

I ALSO HAVE THE SAME PROBLEM, NIL ALLOTMENT

yes applied bro... same thing happen with round.. yet showing no record found