May 10, 2022 - May 12, 2022

Prudent Corporate Advisory Services IPO Subscription Details

Prudent Corporate Advisory Services IPO Subscription Status Live

Prudent Corporate Advisory Services IPO subscribed 1.22 times. The public issue subscribed 1.29 times in the retail category, 1.26 times in QIB, and 0.99 times in the NII category by May 12, 2022 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	1.26	1,687,101	21,21,566	133.66
Non-Institutional Buyers	0.99	1,265,326	12,56,605	79.17
Retail Investors	1.29	2,952,427	38,11,744	240.14
Employees	1.23	113,835	1,39,449	8.79
Others	[.]	0	0	0
Total	1.22	6,018,689	73,29,364	461.75

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

Prudent Corporate Advisory Services IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 May 10, 2022	0.00	0.02	0.72	0.35	0.36
Day 2 May 11, 2022	0.00	0.19	1.05	0.67	0.57
Day 3 May 12, 2022	1.26	0.99	1.29	1.23	1.22

Prudent Corporate Advisory Services IPO Shares Offered

Prudent Corporate Advisory Services IPO is a public issue of 6,018,689 equity shares. The issue offers 2,952,427 shares to retail investors, 1,687,101 shares to qualified institutional buyers, and 1,265,326 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	1,687,101	106.29	28.03%
NII	1,265,326	79.72	21.02%
Retail	2,952,427	186.00	49.05%
Employee	113,835	7.17	1.89%
Total	6,018,689	379.18	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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Prudent Corporate Advisory Services IPO Subscription FAQs

The Prudent Corporate Advisory Services IPO is subscribed 1.22 by May 12, 2022.