September 15, 2021 - September 17, 2021

Prevest Denpro IPO Subscription Details

Prevest Denpro IPO Subscription Status Live

Prevest Denpro IPO subscribed 38.12 times. The public issue subscribed 32.87 times in the retail category, 5.78 times in QIB, and 78.98 times in the NII category by September 17, 2021 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	5.78	601,600	34,78,400	29.22
Non-Institutional Buyers	78.98	611,200	4,82,75,200	405.51
Retail Investors	32.87	1,052,800	3,46,08,000	290.71
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total	38.12	2,265,600	8,63,61,600	725.44

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

* Market Maker portion of 160,000 equity shares not included.

Prevest Denpro IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 September 15, 2021	0.50	0.63	1.33	0.92
Day 2 September 16, 2021	1.96	3.58	7.93	5.17
Day 3 September 17, 2021	5.78	78.98	32.87	38.12

Prevest Denpro IPO Shares Offered

Prevest Denpro IPO is a public issue of 3,328,000 equity shares. The issue offers 1,052,800 shares to retail investors, 601,600 shares to qualified institutional buyers, and 611,200 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	902,400	7.58	27.12%
Market Maker	160,000	1.34	4.81%
QIB	601,600	5.05	18.08%
NII	611,200	5.13	18.37%
Retail	1,052,800	8.84	31.63%
Total	3,328,000	27.96	100%

Prevest Denpro IPO Anchor Investor Allocation

A total of 902,400 shares at a price of Rs 84 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Maven India Fund	451,200	84	50	37,900,800
2	Next Orbit Ventures Fund	451,200	84	50	37,900,800
		902,400		100	75,801,600

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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Prevest Denpro IPO Subscription FAQs

The Prevest Denpro IPO is subscribed 38.12 by September 17, 2021.