September 24, 2010 - September 28, 2010

Ashoka IPO Subscription Details

Ashoka IPO Subscription Status Live

Ashoka IPO subscribed 15.94 times. The public issue subscribed 3.46 times in the retail category, 25.52 times in QIB, and 13.91 times in the NII category by September 28, 2010 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	25.52	3,165,909
Non-Institutional Buyers	13.91	753,788
Retail Investors	3.46	2,261,364
Employees	1.21	37,879
Others	[.]	0
Total	15.94	6,218,940

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

Ashoka IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 September 24, 2010	0.58	4.52	0.14	0.70	0.90
Day 2 September 27, 2010	1.89	2.89	0.51	0.90	1.50
Day 3 September 28, 2010	25.52	13.91	3.46	1.21	15.94

Ashoka IPO Shares Offered

Ashoka IPO is a public issue of 6,218,940 equity shares. The issue offers 2,261,364 shares to retail investors, 3,165,909 shares to qualified institutional buyers, and 753,788 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	3,165,909	102.58	50.91%
NII	753,788	24.42	12.12%
Retail	2,261,364	73.27	36.36%
Employee	37,879	1.23	0.61%
Total	6,218,940	201.49	100%

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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Ashoka IPO Subscription FAQs

The Ashoka IPO is subscribed 15.94 by September 28, 2010.