October 31, 2017 - November 2, 2017

Mahindra Logistics IPO Subscription Details

Mahindra Logistics IPO Subscription Status Live

Mahindra Logistics IPO subscribed 7.90 times. The public issue subscribed 6.10 times in the retail category, 15.60 times in QIB, and 2.07 times in the NII category by November 2, 2017 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	15.60	3,841,469	5,99,41,082	2,571.47
Non-Institutional Buyers	2.07	2,881,102	59,66,592	255.97
Retail Investors	6.10	6,722,572	4,10,22,360	1,759.86
Employees	1.94	125,000	2,42,624	10.41
Others	[.]	0		0
Total	7.90	13,570,143	10,71,72,658	4,597.71

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

Mahindra Logistics IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 October 31, 2017	0.35	0.03	0.76	0.29	0.48
Day 2 November 1, 2017	0.76	0.10	2.17	0.92	1.32
Day 3 November 2, 2017	15.60	2.07	6.10	1.94	7.90

Mahindra Logistics IPO Shares Offered

Mahindra Logistics IPO is a public issue of 13,570,143 equity shares. The issue offers 6,722,572 shares to retail investors, 3,841,469 shares to qualified institutional buyers, and 2,881,102 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	3,841,469	164.80	28.31%
NII	2,881,102	123.60	21.23%
Retail	6,722,572	288.40	49.54%
Employee	125,000	5.36	0.92%
Total	13,570,143	582.16	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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Mahindra Logistics IPO Subscription FAQs

The Mahindra Logistics IPO is subscribed 7.90 by November 2, 2017.