September 21, 2023 - September 25, 2023

Mangalam Alloys IPO Subscription Details

Mangalam Alloys IPO Subscription Status Live

Mangalam Alloys IPO subscribed 5.57 times. The public issue subscribed 8.73 times in the retail category, 2.41 times in Other category by September 25, 2023.

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Others	2.41	3,259,200	78,48,000	62.78
Retail Investors	8.73	3,260,800	2,84,51,200	227.61
Total *	5.57	6,520,000	3,63,15,200	290.52

Total Application : 17,782 (8.73 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 344,000 equity shares not included.

Mangalam Alloys IPO (Day-wise) Subscription Details (times)

Date	Other	Retail	Total
Day 1 September 21, 2023	0.56	1.31	0.93
Day 2 September 22, 2023	0.90	3.77	2.34
Day 3 September 25, 2023	2.41	8.73	5.57

Mangalam Alloys IPO Shares Offered

Mangalam Alloys IPO is a public issue of 6,864,000 equity shares. The issue offers 3,260,800 shares to retail investors, 3,259,200 shares to other investors. The other investors include applicants other than retail i.e. HNI, corporates, institutions, (NII and QIB).

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Market Maker	344,000	2.75	5.01%
Other	3,259,200	26.07	47.48%
Retail	3,260,800	26.09	47.51%
Total	6,864,000	54.91	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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Mangalam Alloys IPO Subscription FAQs

The Mangalam Alloys IPO is subscribed 5.57 by September 25, 2023.