March 20, 2007 - March 23, 2007

Orbit IPO Subscription Details

Orbit IPO Subscription Status Live

Orbit IPO subscribed 3.85 times. The public issue subscribed 0.89 times in the retail category, 5.70 times in QIB, and 4.60 times in the NII category by March 23, 2007 (Day 4).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	5.70	0
Non-Institutional Buyers	4.60	0
Retail Investors	0.89	0
Employees	[.]	0
Others	[.]	0
Total	3.85

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

Orbit IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	bNII (bids above ₹10L)	EMP
Day 1 March 20, 2007	0.00	0.00	0.00	0.00
Day 2 March 21, 2007	0.00	0.97	0.02	0.15
Day 3 March 22, 2007	0.00	1.17	0.11	0.21
Day 4 March 23, 2007	5.70	4.60	0.89	3.85

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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Orbit IPO Subscription FAQs

The Orbit IPO is subscribed 3.85 by March 23, 2007.