September 16, 2009 - September 18, 2009

Pipavav Shipyard IPO Subscription Details

Pipavav Shipyard IPO Subscription Status Live

Pipavav Shipyard IPO subscribed 8.25 times. The public issue subscribed 2.90 times in the retail category, 10.63 times in QIB, and 14.82 times in the NII category by September 18, 2009 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	10.63	35,637,185
Non-Institutional Buyers	14.82	8,485,022
Retail Investors	2.90	25,455,068
Employees	0.78	600,000
Others	[.]	0
Total	8.25	70,177,275

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

Pipavav Shipyard IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 September 16, 2009	2.83	7.53	0.88	0.04	2.67
Day 2 September 17, 2009	3.98	9.43	1.10	0.43	3.57
Day 3 September 18, 2009	10.63	14.82	2.90	0.78	8.25

Pipavav Shipyard IPO Shares Offered

Pipavav Shipyard IPO is a public issue of 70,177,275 equity shares. The issue offers 25,455,068 shares to retail investors, 35,637,185 shares to qualified institutional buyers, and 8,485,022 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	35,637,185	206.70	50.78%
NII	8,485,022	49.21	12.09%
Retail	25,455,068	147.64	36.27%
Employee	600,000	3.48	0.85%
Total	70,177,275	407.03	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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Pipavav Shipyard IPO Subscription FAQs

The Pipavav Shipyard IPO is subscribed 8.25 by September 18, 2009.