March 24, 2021 - March 26, 2021

EKI Energy Services IPO Subscription Details

EKI Energy Services IPO Subscription Status Live

EKI Energy Services IPO subscribed 4.05 times. The public issue subscribed 3.13 times in the retail category, 1.00 times in QIB, and 10.25 times in the NII category by March 26, 2021 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	1.00	345,600	3,45,600	3.53
Non-Institutional Buyers	10.25	260,400	26,70,000	27.23
Retail Investors	3.13	604,800	18,93,600	19.31
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total	4.05	1,210,800	49,09,200	50.07

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

* Market Maker portion of 91,200 equity shares not included.

EKI Energy Services IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 March 24, 2021	0.00	0.46	0.47	0.33
Day 2 March 25, 2021	1.00	1.22	1.21	1.15
Day 3 March 26, 2021	1.00	10.25	3.13	4.05

EKI Energy Services IPO Shares Offered

EKI Energy Services IPO is a public issue of 1,819,200 equity shares. The issue offers 604,800 shares to retail investors, 345,600 shares to qualified institutional buyers, and 260,400 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	517,200	5.28	28.43%
Market Maker	91,200	0.93	5.01%
QIB	345,600	3.53	19.00%
NII	260,400	2.66	14.31%
Retail	604,800	6.17	33.25%
Total	1,819,200	18.56	100%

EKI Energy Services IPO Anchor Investor Allocation

A total of 517,200 shares at a price of Rs 102 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	Maven India Fund	259,200	102	50.12	26,438,400
2	Next Orbit Ventures Fund	258,000	102	49.88	26,316,000
		517,200		100	52,754,400

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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EKI Energy Services IPO Subscription FAQs

The EKI Energy Services IPO is subscribed 4.05 by March 26, 2021.