July 28, 2010 - August 2, 2010

SKS Microfinance IPO Subscription Details

SKS Microfinance IPO Subscription Status Live

SKS Microfinance IPO subscribed 13.69 times. The public issue subscribed 2.81 times in the retail category, 20.38 times in QIB, and 18.26 times in the NII category by August 2, 2010 (Day 4).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	20.38	7,052,464
Non-Institutional Buyers	18.26	1,679,157
Retail Investors	2.81	5,037,474
Employees	[.]	0
Others	[.]	0
Total	13.69	13,769,095

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

SKS Microfinance IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 July 28, 2010	0.34	0.05	0.02	0.18
Day 2 July 29, 2010	1.44	0.05	0.07	0.77
Day 3 July 30, 2010	20.38	0.13	0.16	10.51
Day 4 August 2, 2010	20.38	18.26	2.81	13.69

SKS Microfinance IPO Shares Offered

SKS Microfinance IPO is a public issue of 13,769,095 equity shares. The issue offers 5,037,474 shares to retail investors, 7,052,464 shares to qualified institutional buyers, and 1,679,157 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	7,052,464	694.67	51.22%
NII	1,679,157	165.40	12.20%
Retail	5,037,474	496.19	36.59%
Total	13,769,095	1,356.26	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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SKS Microfinance IPO Subscription FAQs

The SKS Microfinance IPO is subscribed 13.69 by August 2, 2010.