April 30, 2019 - May 3, 2019

Evans Electric IPO Subscription Details

Evans Electric IPO Subscription Status Live

Evans Electric IPO subscribed 1.59 times. The public issue subscribed 0.56 times in the retail category, 2.63 times in Other category by May 3, 2019.

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Others	2.63	176,000	4,62,000	2.40
Retail Investors	0.56	176,000	98,000	0.51
Total	1.59	352,000	5,60,000	2.91

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

* Market Maker portion of 20,000 equity shares not included.

Evans Electric IPO (Day-wise) Subscription Details (times)

Date	Other	Retail	Total
Day 1 April 30, 2019	0.00	0.03	0.02
Day 2 May 1, 2019	0.00	0.03	0.02
Day 3 May 2, 2019	0.27	0.15	0.21
Day 4 May 3, 2019	2.63	0.56	1.59

Evans Electric IPO Shares Offered

Evans Electric IPO is a public issue of 372,000 equity shares. The issue offers 176,000 shares to retail investors, 176,000 shares to other investors. The other investors include applicants other than retail i.e. HNI, corporates, institutions, (NII and QIB).

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Market Maker	20,000	0.10	5.38%
Other	176,000	0.92	47.31%
Retail	176,000	0.92	47.31%
Total	372,000	1.93	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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Evans Electric IPO Subscription FAQs

The Evans Electric IPO is subscribed 1.59 by May 3, 2019.