January 11, 2010 - January 13, 2010

Birla Shloka FPO Subscription Details

Birla Shloka FPO Subscription Status Live

Birla Shloka FPO subscribed 1.43 times. The public issue subscribed 1.76 times in the retail category, 0.00 times in QIB, and 5.45 times in the NII category by January 13, 2010 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	0.00	3,308,335
Non-Institutional Buyers	5.45	992,500
Retail Investors	1.76	2,315,835
Employees	[.]	0
Others	[.]	0
Total	1.43	6,616,670

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

Birla Shloka FPO (Day-wise) Subscription Details (times)

Date	NII	Retail	Total
Day 1 January 11, 2010	0.35	0.24	0.14
Day 2 January 12, 2010	2.48	0.42	0.52
Day 3 January 13, 2010	5.45	1.76	1.43

Birla Shloka FPO Shares Offered

Birla Shloka FPO is a public issue of 6,616,670 equity shares. The issue offers 2,315,835 shares to retail investors, 3,308,335 shares to qualified institutional buyers, and 992,500 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	3,308,335	16.54	50.00%
NII	992,500	4.96	15.00%
Retail	2,315,835	11.58	35.00%
Total	6,616,670	33.08	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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Birla Shloka FPO Subscription FAQs

The Birla Shloka FPO is subscribed 1.43 by January 13, 2010.