March 9, 2023 - March 14, 2023

Sudarshan Pharma Industries IPO Subscription Details

Sudarshan Pharma Industries IPO Subscription Status Live

Sudarshan Pharma Industries IPO subscribed 1.06 times. The public issue subscribed 1.20 times in the retail category, 1.01 times in QIB, and 0.81 times in the NII category by March 14, 2023 (Day 4).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	1.01	521,600	5,24,800	3.83
Non-Institutional Buyers	0.81	1,908,800	15,50,400	11.32
Retail Investors	1.20	3,651,200	43,66,400	31.87
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total	1.06	6,081,600	64,41,600	47.02

Total Application : 3,005 (1.32 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 344,000 equity shares not included.

Sudarshan Pharma Industries IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 March 9, 2023	0.00	0.37	0.47	0.40
Day 2 March 10, 2023	0.00	0.38	0.67	0.52
Day 3 March 13, 2023	0.00	0.58	0.88	0.71
Day 4 March 14, 2023	1.01	0.81	1.20	1.06

Sudarshan Pharma Industries IPO Shares Offered

Sudarshan Pharma Industries IPO is a public issue of 7,206,400 equity shares. The issue offers 3,651,200 shares to retail investors, 521,600 shares to qualified institutional buyers, and 1,908,800 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	780,800	5.70	10.83%
Market Maker	344,000	2.51	4.77%
QIB	521,600	3.81	7.24%
NII	1,908,800	13.93	26.49%
Retail	3,651,200	26.65	50.67%
Total	7,206,400	52.61	100%

Sudarshan Pharma Industries IPO Anchor Investor Allocation

A total of 780,800 shares at a price of Rs 73 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.)
2	Saint Capital Fund	544,000	73	69.67	39,712,000
1	Maven India Fund	236,800	73	30.33	17,286,400
		780,800		100	56,998,400

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?

Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites. The information / data provided here in is for informational purposes only and is provided by Chittorgarh.com on "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. Chittorgarh.com does not warrant the accuracy, adequacy or completeness of the information you obtain through the above websites. Chittorgarh.com shall not be liable in any way for any discrepancies, errors, omissions, losses or damage. Chittorgarh.com, including its affiliates and its directors, staff and employees, shall not be liable for any loss, damage of any kind, including but not limited to direct, indirect, punitive, exemplary, consequential damages and lost profits arising in any way out of the use of information / data obtained through the said websites. The recipient alone is fully responsible / liable for any decision made based on this information / data. All recipients, before relying on the said information, should do their own research and seek appropriate professional advice.

Sudarshan Pharma Industries IPO Subscription FAQs

The Sudarshan Pharma Industries IPO is subscribed 1.06 by March 14, 2023.