March 5, 2024 - March 7, 2024

Sona Machinery IPO Subscription Details

Sona Machinery IPO Subscription Status Live

Sona Machinery IPO subscribed 273.50 times. The public issue subscribed 235.06 times in the retail category, 129.72 times in QIB, and 554.42 times in the NII category by March 7, 2024 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	129.72	688,000	8,92,49,000	1,276.26
Non-Institutional Buyers*	554.42	517,000	28,66,34,000	4,098.87
Retail Investors	235.06	1,205,000	28,32,45,000	4,050.40
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	273.50	2,410,000	65,91,28,000	9,425.53

Total Application : 283,245 (235.06 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 182,000 equity shares not included.

Sona Machinery IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 March 5, 2024	6.71	8.65	19.62	13.58
Day 2 March 6, 2024	6.78	34.49	63.59	41.13
Day 3 March 7, 2024	129.72	554.42	235.06	273.50

Sona Machinery IPO Shares Offered

Sona Machinery IPO is a public issue of 3,624,000 equity shares. The issue offers 1,205,000 shares to retail investors, 688,000 shares to qualified institutional buyers, and 517,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,032,000	14.76	28.48%
Market Maker	182,000	2.60	5.02%
QIB	688,000	9.84	18.98%
NII*	517,000	7.39	14.27%
Retail	1,205,000	17.23	33.25%
Total	3,624,000	51.82	100%

Sona Machinery IPO Anchor Investor Allocation

A total of 1,032,000 shares at a price of Rs 143 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	Bengal Finance & Investment Pvt. Ltd.	280,000	143	27.13	40,040,000
2	Meru Investment Fund PCC-Cell 1	210,000	143	20.35	30,030,000
3	FINAVENUE CAPITAL TRUST FINAVENUE GROWTH FUND	131,000	143	12.69	18,733,000
4	Persistent Growth Fund- Varsu India Growth Story Scheme 1	131,000	143	12.69	18,733,000
5	3 SIGMA GLOBAL FUND	70,000	143	6.78	10,010,000
6	Negen Undiscovered Value Fund	70,000	143	6.78	10,010,000
7	Rajasthan Global Securities Pvt. Limited	70,000	143	6.78	10,010,000
8	Swyom India Alpha Fund	70,000	143	6.78	10,010,000
		1,032,000		100	147,576,000

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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Sona Machinery IPO Subscription FAQs

The Sona Machinery IPO is subscribed 273.50 by March 7, 2024.