December 20, 2023 - December 22, 2023

Azad Engineering IPO Subscription Details

Azad Engineering IPO Subscription Status Live

Azad Engineering IPO subscribed 83.04 times. The public issue subscribed 24.51 times in the retail category, 179.64 times in QIB, and 90.24 times in the NII category by December 22, 2023 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	179.64	2,809,155	50,46,38,624	26,443.06
Non-Institutional Buyers	90.24	2,106,866	19,01,20,000	9,962.29
bNII (bids above ₹10L)	93.30	1,404,577	13,10,46,888	6,866.86
sNII (bids below ₹10L)	84.12	702,289	5,90,73,112	3,095.43
Retail Investors	24.51	4,916,021	12,04,71,708	6,312.72
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total	83.04	9,832,042	81,64,09,468	42,779.86

Total Application : 3,940,409 (22.44 times)

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

Azad Engineering IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 December 20, 2023	0.05	6.38	4.23	3.51
Day 2 December 21, 2023	1.53	24.36	11.76	11.59
Day 3 December 22, 2023	179.64	90.24	24.51	83.04

Azad Engineering IPO Shares Offered

Azad Engineering IPO is a public issue of 14,045,773 equity shares. The issue offers 4,916,021 shares to retail investors, 2,809,155 shares to qualified institutional buyers, and 2,106,866 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	4,213,731	220.80	30.00%
QIB	2,809,155	147.20	20.00%
NII	2,106,866	110.40	15.00%
bNII (bids above ₹10L)	1,404,577	73.60	10.00%
sNII (bids below ₹10L)	702,289	36.80	5.00%
Retail	4,916,021	257.60	35.00%
Total	14,045,773	736.00	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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Azad Engineering IPO Subscription FAQs

The Azad Engineering IPO is subscribed 83.04 by December 22, 2023.