December 27, 2023 - December 29, 2023

Akanksha Power and Infrastructure IPO Subscription Details

Akanksha Power and Infrastructure IPO Subscription Status Live

Akanksha Power and Infrastructure IPO subscribed 117.39 times. The public issue subscribed 110.44 times in the retail category, 38.51 times in QIB, and 238.60 times in the NII category by December 29, 2023 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	38.51	948,000	3,65,04,000	200.77
Non-Institutional Buyers*	238.60	712,000	16,98,80,000	934.34
Retail Investors	110.44	1,660,000	18,33,36,000	1,008.35
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	117.39	3,320,000	38,97,20,000	2,143.46

Total Application : 91,668 (110.44 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 260,000 equity shares not included.

Akanksha Power and Infrastructure IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 December 27, 2023	7.00	1.75	3.95	4.35
Day 2 December 28, 2023	7.05	16.49	27.62	19.36
Day 3 December 29, 2023	38.51	238.60	110.44	117.39

Akanksha Power and Infrastructure IPO Shares Offered

Akanksha Power and Infrastructure IPO is a public issue of 4,998,000 equity shares. The issue offers 1,660,000 shares to retail investors, 948,000 shares to qualified institutional buyers, and 712,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,418,000	7.80	28.37%
Market Maker	260,000	1.43	5.20%
QIB	948,000	5.21	18.97%
NII*	712,000	3.92	14.25%
Retail	1,660,000	9.13	33.21%
Total	4,998,000	27.49	100%

Akanksha Power and Infrastructure IPO Anchor Investor Allocation

A total of 1,418,000 shares at a price of Rs 55 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.)
1	LC RADIANCE FUND VCC	400,000	55	28.21	22,000,000
2	Resonance Opportunities Fund	364,000	55	25.67	20,020,000
3	Moneywise Financial Services Pvt. Ltd.	354,000	55	24.96	19,470,000
4	Nexus Global Opportunities Fund	300,000	55	21.16	16,500,000
		1,418,000		100	77,990,000

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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Akanksha Power and Infrastructure IPO Subscription FAQs

The Akanksha Power and Infrastructure IPO is subscribed 117.39 by December 29, 2023.