May 13, 2011 - May 19, 2011

Galaxy IPO Subscription Details

Galaxy IPO Subscription Status Live

Galaxy IPO subscribed 0.30 times. The public issue subscribed 0.11 times in the retail category, 0.59 times in QIB, and 0.04 times in the NII category by May 18, 2011 (Day 4).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	0.59	2,075,500
Non-Institutional Buyers	0.04	889,500
Retail Investors	0.11	2,075,500
Employees	[.]	0
Others	[.]	0
Total	0.30	5,040,500

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

Galaxy IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 May 13, 2011	0.00	0.00	0.01	0.00
Day 2 May 16, 2011	0.00	0.03	0.05	0.03
Day 3 May 17, 2011	0.00	0.03	0.07	0.03
Day 4 May 18, 2011	0.59	0.04	0.11	0.30

Galaxy IPO Shares Offered

Galaxy IPO is a public issue of 5,040,500 equity shares. The issue offers 2,075,500 shares to retail investors, 2,075,500 shares to qualified institutional buyers, and 889,500 shares to non-institutional investors.

Category	Shares Offered	Size (%)
QIB	2,075,500	41.18%
NII	889,500	17.65%
Retail	2,075,500	41.18%
Total	5,040,500	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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Galaxy IPO Subscription FAQs

The Galaxy IPO is subscribed 0.30 by May 18, 2011.