October 25, 2017 - October 27, 2017

Reliance Nippon Life IPO Subscription Details

Reliance Nippon Life IPO Subscription Status Live

Reliance Nippon Life IPO subscribed 81.54 times. The public issue subscribed 5.65 times in the retail category, 118.40 times in QIB, and 209.44 times in the NII category by October 27, 2017 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	118.40	12,240,000	1,44,92,70,218	36,521.61
Non-Institutional Buyers	209.44	9,180,000	1,92,26,59,668	48,451.02
Retail Investors	5.65	21,420,000	12,10,37,556	3,050.15
Employees	[.]	0		0
Others	[.]	0		0
Total	81.54	42,840,000	3,49,29,67,442	88,022.78

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

Reliance Nippon Life IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 October 25, 2017	6.13	11.38	0.90	4.64
Day 2 October 26, 2017	9.80	16.16	2.38	7.45
Day 3 October 27, 2017	118.40	209.44	5.65	81.54

Reliance Nippon Life IPO Shares Offered

Reliance Nippon Life IPO is a public issue of 42,840,000 equity shares. The issue offers 21,420,000 shares to retail investors, 12,240,000 shares to qualified institutional buyers, and 9,180,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	12,240,000	308.45	28.57%
NII	9,180,000	231.34	21.43%
Retail	21,420,000	539.78	50.00%
Total	42,840,000	1,079.57	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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Reliance Nippon Life IPO Subscription FAQs

The Reliance Nippon Life IPO is subscribed 81.54 by October 27, 2017.