September 12, 2016 - September 15, 2016

L&T Technology IPO Subscription Details

L&T Technology IPO Subscription Status Live

L&T Technology IPO subscribed 2.52 times. The public issue subscribed 1.74 times in the retail category, 5.01 times in QIB, and 1.03 times in the NII category by September 15, 2016 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	5.01	2,080,000
Non-Institutional Buyers	1.03	1,560,000
Retail Investors	1.74	3,640,000
Employees	[.]	0
Others	[.]	0
Total	2.52	7,280,000

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

L&T Technology IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 September 12, 2016	0.28	0.02	0.19	0.18
Day 2 September 14, 2016	1.10	0.03	0.77	0.71
Day 3 September 15, 2016	5.01	1.03	1.74	2.52

L&T Technology IPO Shares Offered

L&T Technology IPO is a public issue of 7,280,000 equity shares. The issue offers 3,640,000 shares to retail investors, 2,080,000 shares to qualified institutional buyers, and 1,560,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	2,080,000	178.88	28.57%
NII	1,560,000	134.16	21.43%
Retail	3,640,000	313.04	50.00%
Total	7,280,000	626.08	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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L&T Technology IPO Subscription FAQs

The L&T Technology IPO is subscribed 2.52 by September 15, 2016.