June 9, 2023 - June 14, 2023

Spectrum Talent Management IPO Subscription Details

Spectrum Talent Management IPO Subscription Status Live

Spectrum Talent Management IPO subscribed 12.27 times. The public issue subscribed 13.10 times in the retail category, 11.21 times in QIB, and 11.68 times in the NII category by June 14, 2023 (Day 4).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	11.21	576,000	64,55,200	111.67
Non-Institutional Buyers*	11.68	2,598,400	3,03,47,200	525.01
Retail Investors	13.10	2,599,200	3,40,61,600	589.27
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	12.27	5,773,600	7,08,64,000	1,225.95

Total Application : 42,577 (13.10 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 304,000 equity shares not included.

Spectrum Talent Management IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 June 9, 2023	1.66	0.20	0.60	0.53
Day 2 June 12, 2023	2.67	0.55	1.78	1.31
Day 3 June 13, 2023	3.17	1.14	3.33	2.33
Day 4 June 14, 2023	11.21	11.68	13.10	12.27

Spectrum Talent Management IPO Shares Offered

Spectrum Talent Management IPO is a public issue of 6,077,600 equity shares. The issue offers 2,599,200 shares to retail investors, 576,000 shares to qualified institutional buyers, and 2,598,400 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Market Maker	304,000	5.26	5.00%
QIB	576,000	9.96	9.48%
NII*	2,598,400	44.95	42.75%
Retail	2,599,200	44.97	42.77%
Total	6,077,600	105.14	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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Spectrum Talent Management IPO Subscription FAQs

The Spectrum Talent Management IPO is subscribed 12.27 by June 14, 2023.