September 7, 2020 - September 9, 2020

Happiest Minds IPO Subscription Details

Happiest Minds IPO Subscription Status Live

Happiest Minds IPO subscribed 150.98 times. The public issue subscribed 70.94 times in the retail category, 77.43 times in QIB, and 351.46 times in the NII category by September 9, 2020 (Day 3).

Application Wise IPO Subscription (Retail): 2201505 times

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	77.43	12,687,028	98,23,12,020	16,306.38
Non-Institutional Buyers	351.46	6,343,513	2,22,95,01,690	37,009.73
Retail Investors	70.94	4,229,009	30,00,13,740	4,980.23
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total	150.98	23,259,550	3,51,18,27,450	58,296.34

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

Happiest Minds IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 September 7, 2020	0.08	0.62	14.61	2.87
Day 2 September 8, 2020	0.47	3.96	38.85	8.40
Day 3 September 9, 2020	77.43	351.46	70.94	150.98

Happiest Minds IPO Shares Offered

Happiest Minds IPO is a public issue of 23,259,550 equity shares. The issue offers 4,229,009 shares to retail investors, 12,687,028 shares to qualified institutional buyers, and 6,343,513 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	12,687,028	210.60	54.55%
NII	6,343,513	105.30	27.27%
Retail	4,229,009	70.20	18.18%
Total	23,259,550	386.11	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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Happiest Minds IPO Subscription FAQs

The Happiest Minds IPO is subscribed 150.98 by September 9, 2020.