March 21, 2018 - March 23, 2018

Mishra Dhatu Nigam IPO Subscription Details

Mishra Dhatu Nigam IPO Subscription Status Live

Mishra Dhatu Nigam IPO subscribed 1.21 times. The public issue subscribed 0.72 times in the retail category, 1.96 times in QIB, and 0.13 times in the NII category by March 23, 2018 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	1.96	23,417,500
Non-Institutional Buyers	0.13	7,025,250
Retail Investors	0.72	16,392,250
Employees	0.26	1,873,400
Others	[.]	0
Total	1.21	48,708,400

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

Mishra Dhatu Nigam IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 March 21, 2018	0.45	0.00	0.10	0.03	0.26
Day 2 March 22, 2018	1.09	0.00	0.32	0.12	0.64
Day 3 March 23, 2018	1.96	0.13	0.72	0.26	1.21

Mishra Dhatu Nigam IPO Shares Offered

Mishra Dhatu Nigam IPO is a public issue of 48,708,400 equity shares. The issue offers 16,392,250 shares to retail investors, 23,417,500 shares to qualified institutional buyers, and 7,025,250 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	23,417,500	210.76	48.08%
NII	7,025,250	63.23	14.42%
Retail	16,392,250	147.53	33.65%
Employee	1,873,400	16.86	3.85%
Total	48,708,400	438.38	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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Mishra Dhatu Nigam IPO Subscription FAQs

The Mishra Dhatu Nigam IPO is subscribed 1.21 by March 23, 2018.