June 24, 2010 - June 28, 2010

Aster Silicates IPO Subscription Details

Aster Silicates IPO Subscription Status Live

Aster Silicates IPO subscribed 4.47 times. The public issue subscribed 7.41 times in the retail category, 0.01 times in QIB, and 12.46 times in the NII category by June 28, 2010 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	0.01	2,370,535
Non-Institutional Buyers	12.46	711,161
Retail Investors	7.41	1,659,375
Employees	[.]	0
Others	[.]	0
Total	4.47	4,741,071

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

Aster Silicates IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 June 24, 2010	0.00	0.00	0.09	0.03
Day 2 June 25, 2010	0.00	2.74	0.71	0.66
Day 3 June 28, 2010	0.01	12.46	7.41	4.47

Aster Silicates IPO Shares Offered

Aster Silicates IPO is a public issue of 4,741,071 equity shares. The issue offers 1,659,375 shares to retail investors, 2,370,535 shares to qualified institutional buyers, and 711,161 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	2,370,535	27.97	50.00%
NII	711,161	8.39	15.00%
Retail	1,659,375	19.58	35.00%
Total	4,741,071	55.94	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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Aster Silicates IPO Subscription FAQs

The Aster Silicates IPO is subscribed 4.47 by June 28, 2010.