September 17, 2010 - September 21, 2010

Microsec Financial IPO Subscription Details

Microsec Financial IPO Subscription Status Live

Microsec Financial IPO subscribed 12.20 times. The public issue subscribed 11.04 times in the retail category, 5.91 times in QIB, and 35.88 times in the NII category by September 21, 2010 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	5.91	6,250,000
Non-Institutional Buyers	35.88	1,875,000
Retail Investors	11.04	4,375,000
Employees	[.]	0
Others	[.]	0
Total	12.20	12,500,000

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

Microsec Financial IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 September 17, 2010	0.39	7.43	0.75	1.57
Day 2 September 20, 2010	0.69	9.26	2.04	2.45
Day 3 September 21, 2010	5.91	35.88	11.04	12.20

Microsec Financial IPO Shares Offered

Microsec Financial IPO is a public issue of 12,500,000 equity shares. The issue offers 4,375,000 shares to retail investors, 6,250,000 shares to qualified institutional buyers, and 1,875,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	6,250,000	73.75	50.00%
NII	1,875,000	22.13	15.00%
Retail	4,375,000	51.63	35.00%
Total	12,500,000	147.50	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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Microsec Financial IPO Subscription FAQs

The Microsec Financial IPO is subscribed 12.20 by September 21, 2010.