November 6, 2023 - November 8, 2023

Protean eGov Technologies IPO Subscription Details

Protean eGov Technologies IPO Subscription Status Live

Protean eGov Technologies IPO subscribed 23.86 times. The public issue subscribed 8.93 times in the retail category, 46.94 times in QIB, and 31.62 times in the NII category by November 8, 2023 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	46.94	1,208,200	5,67,09,342	4,491.38
Non-Institutional Buyers	31.62	906,150	2,86,53,840	2,269.38
bNII (bids above ₹10L)	33.14	604,100	2,00,20,662	1,585.64
sNII (bids below ₹10L)	28.58	302,050	86,33,178	683.75
Retail Investors	8.93	2,114,350	1,88,78,454	1,495.17
Employees	1.49	150,000	2,23,614	17.71
Others	[.]	0	0	0
Total	23.86	4,378,700	10,44,65,250	8,273.65

Total Application : 890,571 (7.58 times)

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

Protean eGov Technologies IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 November 6, 2023	0.01	1.65	1.51	0.31	1.08
Day 2 November 7, 2023	0.07	6.24	3.91	0.77	3.22
Day 3 November 8, 2023	46.94	31.62	8.93	1.49	23.86

Protean eGov Technologies IPO Shares Offered

Protean eGov Technologies IPO is a public issue of 6,191,000 equity shares. The issue offers 2,114,350 shares to retail investors, 1,208,200 shares to qualified institutional buyers, and 906,150 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,812,300	143.53	29.27%
QIB	1,208,200	95.69	19.52%
NII	906,150	71.77	14.64%
bNII (bids above ₹10L)	604,100	47.84	9.76%
sNII (bids below ₹10L)	302,050	23.92	4.88%
Retail	2,114,350	167.46	34.15%
Employee	150,000	11.88	2.42%
Total	6,191,000	490.33	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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Protean eGov Technologies IPO Subscription FAQs

The Protean eGov Technologies IPO is subscribed 23.86 by November 8, 2023.