April 27, 2011 - April 29, 2011

Servalakshmi IPO Subscription Details

Servalakshmi IPO Subscription Status Live

Servalakshmi IPO subscribed 1.47 times. The public issue subscribed 1.90 times in the retail category, 0.34 times in QIB, and 4.21 times in the NII category by April 29, 2011 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	0.34	11,111,111
Non-Institutional Buyers	4.21	3,333,333
Retail Investors	1.90	7,777,778
Employees	[.]	0
Others	[.]	0
Total	1.47	22,222,222

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

Servalakshmi IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 April 27, 2011	0.00	3.20	0.26	0.57
Day 2 April 28, 2011	0.31	4.62	0.39	0.98
Day 3 April 29, 2011	0.34	4.21	1.90	1.47

Servalakshmi IPO Shares Offered

Servalakshmi IPO is a public issue of 22,222,222 equity shares. The issue offers 7,777,778 shares to retail investors, 11,111,111 shares to qualified institutional buyers, and 3,333,333 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	11,111,111	32.22	50.00%
NII	3,333,333	9.67	15.00%
Retail	7,777,778	22.56	35.00%
Total	22,222,222	64.44	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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Servalakshmi IPO Subscription FAQs

The Servalakshmi IPO is subscribed 1.47 by April 29, 2011.