May 6, 2024 - May 9, 2024

Refractory Shapes IPO Subscription Details

Refractory Shapes IPO Subscription Status Live

Refractory Shapes IPO subscribed 255.08 times. The public issue subscribed 259.56 times in the retail category, 90.59 times in QIB, and 464.43 times in the NII category by May 9, 2024 (Day 4).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	90.59	1,144,000	10,36,40,000	321.28
Non-Institutional Buyers*	464.43	856,000	39,75,52,000	1,232.41
Retail Investors	259.56	1,996,000	51,80,88,000	1,606.07
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	255.08	3,996,000	1,01,92,80,000	3,159.77

Total Application : 129,522 (259.56 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 304,000 equity shares not included.

Refractory Shapes IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 May 6, 2024	0.01	2.73	8.49	4.83
Day 2 May 7, 2024	0.05	19.17	30.33	19.27
Day 3 May 8, 2024	0.07	35.79	65.56	40.43
Day 4 May 9, 2024	90.59	464.43	259.56	255.08

$Refractory Shapes IPO subscription details$

Refractory Shapes IPO Shares Offered

Refractory Shapes IPO is a public issue of 6,000,000 equity shares. The issue offers 1,996,000 shares to retail investors, 1,144,000 shares to qualified institutional buyers, and 856,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,700,000	5.27	28.33%
Market Maker	304,000	0.94	5.07%
QIB	1,144,000	3.55	19.07%
NII*	856,000	2.65	14.27%
Retail	1,996,000	6.19	33.27%
Total	6,000,000	18.60	100%

Refractory Shapes IPO Anchor Investor Allocation

A total of 1,700,000 shares at a price of Rs 31 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	Next Orbit Ventures Fund	852,000	31	50.12	26,412,000
2	Craft Emerging Market Fund - Citadel Capital Fund	848,000	31	49.88	26,288,000
		1,700,000		100	52,700,000

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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Refractory Shapes IPO Subscription FAQs

The Refractory Shapes IPO is subscribed 255.08 by May 9, 2024.