February 27, 2024 - February 29, 2024

Purv Flexipack IPO Subscription Details

Purv Flexipack IPO Subscription Status Live

Purv Flexipack IPO subscribed 421.78 times. The public issue subscribed 448.73 times in the retail category, 157.32 times in QIB, and 690.72 times in the NII category by February 29, 2024 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	157.32	1,052,800	16,56,22,400	1,175.92
Non-Institutional Buyers*	690.72	844,800	58,35,21,600	4,143.00
Retail Investors	448.73	1,900,800	85,29,45,600	6,055.91
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	421.78	3,798,400	1,60,20,89,600	11,374.84

Total Application : 533,091 (448.73 times)

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

* Market Maker portion of 348,800 equity shares not included.

Purv Flexipack IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 February 27, 2024	0.24	46.50	97.65	59.27
Day 2 February 28, 2024	6.04	116.43	234.08	144.71
Day 3 February 29, 2024	157.32	690.72	448.73	421.78

Purv Flexipack IPO Shares Offered

Purv Flexipack IPO is a public issue of 5,664,000 equity shares. The issue offers 1,900,800 shares to retail investors, 1,052,800 shares to qualified institutional buyers, and 844,800 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,516,800	10.77	26.78%
Market Maker	348,800	2.48	6.16%
QIB	1,052,800	7.47	18.59%
NII*	844,800	6.00	14.92%
Retail	1,900,800	13.50	33.56%
Total	5,664,000	40.21	100%

Purv Flexipack IPO Anchor Investor Allocation

A total of 1,516,800 shares at a price of Rs 71 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	Meru Investment Fund PCC-Cell 1	844,800	71	55.7	59,980,800
2	VPK Global Ventures Fund- Scheme-1	144,000	71	9.49	10,224,000
3	AG DYNAMIC FUND LIMITED	528,000	71	34.81	37,488,000
		1,516,800		100	107,692,800

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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Purv Flexipack IPO Subscription FAQs

The Purv Flexipack IPO is subscribed 421.78 by February 29, 2024.