September 27, 2023 - October 3, 2023

E Factor Experiences IPO Subscription Details

E Factor Experiences IPO Subscription Status Live

E Factor Experiences IPO subscribed 73.14 times. The public issue subscribed 47.78 times in the retail category, 46.09 times in QIB, and 168.26 times in the NII category by October 3, 2023 (Day 4).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	46.09	656,000	3,02,33,600	226.75
Non-Institutional Buyers*	168.26	492,800	8,29,16,800	621.88
Retail Investors	47.78	1,148,800	5,48,84,800	411.64
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	73.14	2,297,600	16,80,35,200	1,260.26

Total Application : 34,303 (47.78 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 174,400 equity shares not included.

E Factor Experiences IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 September 27, 2023	1.00	2.62	0.54	1.12
Day 2 September 28, 2023	1.00	2.55	1.43	1.55
Day 3 September 29, 2023	7.00	2.99	2.73	4.00
Day 4 October 3, 2023	46.09	168.26	47.78	73.14

E Factor Experiences IPO Shares Offered

E Factor Experiences IPO is a public issue of 3,456,000 equity shares. The issue offers 1,148,800 shares to retail investors, 656,000 shares to qualified institutional buyers, and 492,800 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	984,000	7.38	28.47%
Market Maker	174,400	1.31	5.05%
QIB	656,000	4.92	18.98%
NII*	492,800	3.70	14.26%
Retail	1,148,800	8.62	33.24%
Total	3,456,000	25.92	100%

E Factor Experiences IPO Anchor Investor Allocation

A total of 984,000 shares at a price of Rs 75 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	Rajasthan Global Securities Pvt. Limited	134,400	75	13.66	10,080,000
2	India-Ahead Venture Fund	400,000	75	40.65	30,000,000
3	Meru Investment Fund PCC-Cell 1	224,000	75	22.76	16,800,000
4	Zinnia Global Fund PCC- Cell Dewap Fund	225,600	75	22.93	16,920,000
		984,000		100	73,800,000

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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E Factor Experiences IPO Subscription FAQs

The E Factor Experiences IPO is subscribed 73.14 by October 3, 2023.