March 11, 2010 - March 15, 2010

Pradip Overseas IPO Subscription Details

Pradip Overseas IPO Subscription Status Live

Pradip Overseas IPO subscribed 14.08 times. The public issue subscribed 10.53 times in the retail category, 8.57 times in QIB, and 45.35 times in the NII category by March 15, 2010 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	8.57	5,050,000
Non-Institutional Buyers	45.35	1,515,000
Retail Investors	10.53	3,535,000
Employees	0.09	500,000
Others	[.]	0
Total	14.08	10,600,000

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

Pradip Overseas IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 March 11, 2010	1.09	7.05	1.74	0.01	2.11
Day 2 March 12, 2010	1.27	7.09	1.96	0.05	2.27
Day 3 March 15, 2010	8.57	45.35	10.53	0.09	14.08

Pradip Overseas IPO Shares Offered

Pradip Overseas IPO is a public issue of 10,600,000 equity shares. The issue offers 3,535,000 shares to retail investors, 5,050,000 shares to qualified institutional buyers, and 1,515,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	5,050,000	55.55	47.64%
NII	1,515,000	16.67	14.29%
Retail	3,535,000	38.89	33.35%
Employee	500,000	5.50	4.72%
Total	10,600,000	116.60	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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Pradip Overseas IPO Subscription FAQs

The Pradip Overseas IPO is subscribed 14.08 by March 15, 2010.