January 27, 2023 - January 31, 2023

Earthstahl & Alloys IPO Subscription Details

Earthstahl & Alloys IPO Subscription Status Live

Earthstahl & Alloys IPO subscribed 235.18 times. The public issue subscribed 191.77 times in the retail category, 39.83 times in QIB, and 445.09 times in the NII category by January 31, 2023 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	39.83	918,000	3,65,67,000	146.27
Non-Institutional Buyers	445.09	1,077,000	47,93,67,000	1,917.47
Retail Investors	191.77	1,077,000	20,65,35,000	826.14
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total	235.18	3,072,000	72,24,69,000	2,889.88

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

* Market Maker portion of 168,000 equity shares not included.

Earthstahl & Alloys IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 January 27, 2023	2.58	5.46	9.61	6.05
Day 2 January 30, 2023	4.26	16.32	43.17	22.13
Day 3 January 31, 2023	39.83	445.09	191.77	235.18

Earthstahl & Alloys IPO Shares Offered

Earthstahl & Alloys IPO is a public issue of 3,240,000 equity shares. The issue offers 1,077,000 shares to retail investors, 918,000 shares to qualified institutional buyers, and 1,077,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Market Maker	168,000	0.67	5.19%
QIB	918,000	3.67	28.33%
NII	1,077,000	4.31	33.24%
Retail	1,077,000	4.31	33.24%
Total	3,240,000	12.96	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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Earthstahl & Alloys IPO Subscription FAQs

The Earthstahl & Alloys IPO is subscribed 235.18 by January 31, 2023.