March 18, 2016 - March 22, 2016

Bharat Wire Ropes IPO Subscription Details

Bharat Wire Ropes IPO Subscription Status Live

Bharat Wire Ropes IPO subscribed 1.21 times. The public issue subscribed 2.08 times in the retail category, 1.01 times in QIB, and 2.02 times in the NII category by March 22, 2016 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	1.01	12,468,750
Non-Institutional Buyers	2.02	2,493,750
Retail Investors	2.08	1,662,500
Employees	0.10	875,000
Others	[.]	0
Total	1.21	17,500,000

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

Bharat Wire Ropes IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 March 18, 2016	0.38	0.72	0.27	0.03	0.40
Day 2 March 21, 2016	0.52	1.04	0.80	0.07	0.59
Day 3 March 22, 2016	1.01	2.02	2.08	0.10	1.21

Bharat Wire Ropes IPO Shares Offered

Bharat Wire Ropes IPO is a public issue of 17,500,000 equity shares. The issue offers 1,662,500 shares to retail investors, 12,468,750 shares to qualified institutional buyers, and 2,493,750 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	12,468,750	56.11	71.25%
NII	2,493,750	11.22	14.25%
Retail	1,662,500	7.48	9.50%
Employee	875,000	3.94	5.00%
Total	17,500,000	78.75	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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Bharat Wire Ropes IPO Subscription FAQs

The Bharat Wire Ropes IPO is subscribed 1.21 by March 22, 2016.