October 22, 2020 - October 26, 2020

Shine Fashions IPO Subscription Details

Shine Fashions IPO Subscription Status Live

Shine Fashions IPO subscribed 1.73 times. The public issue subscribed 1.63 times in the retail category, 1.83 times in Other category by October 26, 2020.

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Others	1.83	189,000	3,45,000	1.38
Retail Investors	1.63	189,000	3,09,000	1.24
Total	1.73	378,000	6,54,000	2.62

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

* Market Maker portion of 21,000 equity shares not included.

Shine Fashions IPO (Day-wise) Subscription Details (times)

Date	Other	Retail	Total
Day 1 October 22, 2020	0.86	0.32	0.59
Day 2 October 23, 2020	1.52	0.81	1.17
Day 3 October 25, 2020	1.52	0.81	1.17
Day 4 October 26, 2020	1.83	1.63	1.73

Shine Fashions IPO Shares Offered

Shine Fashions IPO is a public issue of 399,000 equity shares. The issue offers 189,000 shares to retail investors, 189,000 shares to other investors. The other investors include applicants other than retail i.e. HNI, corporates, institutions, (NII and QIB).

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Market Maker	21,000	0.08	5.26%
Other	189,000	0.76	47.37%
Retail	189,000	0.76	47.37%
Total	399,000	1.60	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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Shine Fashions IPO Subscription FAQs

The Shine Fashions IPO is subscribed 1.73 by October 26, 2020.