February 5, 2009 - February 9, 2009

Edserv Softsystems IPO Subscription Details

Edserv Softsystems IPO Subscription Status Live

Edserv Softsystems IPO subscribed 1.30 times. The public issue subscribed 1.02 times in the retail category, 1.08 times in QIB, and 3.10 times in the NII category by February 9, 2009 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	1.08	1,886,954
Non-Institutional Buyers	3.10	566,086
Retail Investors	1.02	1,320,868
Employees	0.04	200,000
Others	[.]	0
Total	1.30	3,973,908

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

Edserv Softsystems IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 February 5, 2009	0.00	0.00	0.00	0.00	0.00
Day 2 February 6, 2009	0.00	0.00	0.01	0.00	0.00
Day 3 February 9, 2009	1.08	3.10	1.02	0.04	1.30

Edserv Softsystems IPO Shares Offered

Edserv Softsystems IPO is a public issue of 3,973,908 equity shares. The issue offers 1,320,868 shares to retail investors, 1,886,954 shares to qualified institutional buyers, and 566,086 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	1,886,954	11.32	47.48%
NII	566,086	3.40	14.25%
Retail	1,320,868	7.93	33.24%
Employee	200,000	1.20	5.03%
Total	3,973,908	23.84	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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Edserv Softsystems IPO Subscription FAQs

The Edserv Softsystems IPO is subscribed 1.30 by February 9, 2009.