June 25, 2024 - June 27, 2024

Divine Power IPO Subscription Details

Divine Power IPO Subscription Status Live

Divine Power IPO subscribed 393.67 times. The public issue subscribed 507.94 times in the retail category, 135.84 times in QIB, and 473.74 times in the NII category by June 27, 2024 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	135.84	1,217,110	16,53,36,000	661.34
Non-Institutional Buyers*	473.74	905,134	42,87,99,000	1,715.20
Retail Investors	507.94	2,111,978	1,07,27,52,000	4,291.01
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	393.67	4,234,222	1,66,68,87,000	6,667.55

Total Application : 357,584 (507.93 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 288,000 equity shares not included.

Divine Power IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 June 25, 2024	0.06	16.65	28.26	17.67
Day 2 June 26, 2024	0.14	63.18	104.66	65.75
Day 3 June 27, 2024	135.84	473.74	507.94	393.67

Divine Power IPO Shares Offered

Divine Power IPO is a public issue of 6,142,222 equity shares. The issue offers 2,111,978 shares to retail investors, 1,217,110 shares to qualified institutional buyers, and 905,134 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,620,000	6.48	26.37%
Market Maker	288,000	1.15	4.69%
QIB	1,217,110	4.87	19.82%
NII*	905,134	3.62	14.74%
Retail	2,111,978	8.45	34.38%
Total	6,142,222	24.57	100%

Divine Power IPO Anchor Investor Allocation

A total of 1,620,000 shares at a price of Rs 40 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	Imvesta Growth Scheme	513,000	40	31.67	20,520,000
2	Saint Capital Fund	351,000	40	21.67	14,040,000
3	Zinnia Global Fund PCC - Blue Jade Investment Fund	252,000	40	15.56	10,080,000
4	Craft Emerging Market Fund - Citadel Capital Fund	252,000	40	15.56	10,080,000
5	India-Ahead Venture Fund	252,000	40	15.56	10,080,000
		1,620,000		100	64,800,000

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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Divine Power IPO Subscription FAQs

The Divine Power IPO is subscribed 393.67 by June 27, 2024.