May 31, 2023 - June 5, 2023

Comrade Appliances IPO Subscription Details

Comrade Appliances IPO Subscription Status Live

Comrade Appliances IPO subscribed 77.25 times. The public issue subscribed 72.08 times in the retail category, 21.86 times in QIB, and 162.67 times in the NII category by June 5, 2023 (Day 4).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	21.86	432,000	94,42,000	50.99
Non-Institutional Buyers*	162.67	326,000	5,30,30,000	286.36
Retail Investors	72.08	758,000	5,46,38,000	295.05
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	77.25	1,516,000	11,71,10,000	632.39

Total Application : 34,440 (90.87 times)

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

* Market Maker portion of 114,000 equity shares not included.

Comrade Appliances IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 May 31, 2023	0.00	0.10	0.90	0.47
Day 2 June 1, 2023	0.00	0.78	3.28	1.81
Day 3 June 2, 2023	0.01	3.26	9.42	5.42
Day 4 June 5, 2023	21.86	162.67	72.08	77.25

Comrade Appliances IPO Shares Offered

Comrade Appliances IPO is a public issue of 2,278,000 equity shares. The issue offers 758,000 shares to retail investors, 432,000 shares to qualified institutional buyers, and 326,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	648,000	3.50	28.45%
Market Maker	114,000	0.62	5.00%
QIB	432,000	2.33	18.96%
NII*	326,000	1.76	14.31%
Retail	758,000	4.09	33.27%
Total	2,278,000	12.30	100%

Comrade Appliances IPO Anchor Investor Allocation

A total of 648,000 shares at a price of Rs 54 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Ativir Alternative Investment Fund	186,000	54	28.7	10,044,000
2	Saint Capital Fund	462,000	54	71.3	24,948,000
		648,000		100	34,992,000

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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Comrade Appliances IPO Subscription FAQs

The Comrade Appliances IPO is subscribed 77.25 by June 5, 2023.