March 15, 2018 - March 19, 2018

Bandhan Bank IPO Subscription Details

Bandhan Bank IPO Subscription Status Live

Bandhan Bank IPO subscribed 14.56 times. The public issue subscribed 1.06 times in the retail category, 38.68 times in QIB, and 13.89 times in the NII category by March 19, 2018 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	38.68	23,856,099
Non-Institutional Buyers	13.89	17,892,075
Retail Investors	1.06	41,748,173
Employees	[.]	0
Others	[.]	0
Total	14.56	83,496,347

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

Bandhan Bank IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 March 15, 2018	1.26	0.01	0.12	0.42
Day 2 March 16, 2018	2.33	0.24	0.33	0.88
Day 3 March 19, 2018	38.68	13.89	1.06	14.56

Bandhan Bank IPO Shares Offered

Bandhan Bank IPO is a public issue of 83,496,347 equity shares. The issue offers 41,748,173 shares to retail investors, 23,856,099 shares to qualified institutional buyers, and 17,892,075 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	23,856,099	894.60	28.57%
NII	17,892,075	670.95	21.43%
Retail	41,748,173	1,565.56	50.00%
Total	83,496,347	3,131.11	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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Bandhan Bank IPO Subscription FAQs

The Bandhan Bank IPO is subscribed 14.56 by March 19, 2018.