September 18, 2023 - September 21, 2023

Madhusudan Masala IPO Subscription Details

Madhusudan Masala IPO Subscription Status Live

Madhusudan Masala IPO subscribed 444.27 times. The public issue subscribed 592.73 times in the retail category, 86.91 times in QIB, and 574.08 times in the NII category by September 21, 2023 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	86.91	646,000	5,61,44,000	393.01
Non-Institutional Buyers*	574.08	486,000	27,90,04,000	1,953.03
Retail Investors	592.73	1,130,000	66,97,82,000	4,688.47
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	444.27	2,262,000	1,00,49,30,000	7,034.51

Total Application : 334,891 (592.73 times)

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

* Market Maker portion of 172,000 equity shares not included.

Madhusudan Masala IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 September 18, 2023	0.80	18.27	47.29	27.78
Day 2 September 20, 2023	7.47	104.21	234.43	141.64
Day 3 September 21, 2023	86.91	574.08	592.73	444.27

Madhusudan Masala IPO Shares Offered

Madhusudan Masala IPO is a public issue of 3,400,000 equity shares. The issue offers 1,130,000 shares to retail investors, 646,000 shares to qualified institutional buyers, and 486,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	966,000	6.76	28.41%
Market Maker	172,000	1.20	5.06%
QIB	646,000	4.52	19.00%
NII*	486,000	3.40	14.29%
Retail	1,130,000	7.91	33.24%
Total	3,400,000	23.80	100%

Madhusudan Masala IPO Anchor Investor Allocation

A total of 966,000 shares at a price of Rs 70 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	Next Orbit Ventures Fund	144,000	70	14.91	10,080,000
2	Nav Capital Vcc- Nav Capital Emerging Star Fund	144,000	70	14.91	10,080,000
3	Rajasthan Global Securities Pvt. Limited	144,000	70	14.91	10,080,000
4	Meru Investment Fund PCC-Cell 1	246,000	70	25.47	17,220,000
5	Knightstone Capital LLP	144,000	70	14.91	10,080,000
6	FINAVENUE GROWTH FUND	144,000	70	14.91	10,080,000
		966,000		100	67,620,000

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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Madhusudan Masala IPO Subscription FAQs

The Madhusudan Masala IPO is subscribed 444.27 by September 21, 2023.