October 30, 2023 - November 1, 2023

Transteel Seating Technologies IPO Subscription Details

Transteel Seating Technologies IPO Subscription Status Live

Transteel Seating Technologies IPO subscribed 49.21 times. The public issue subscribed 39.82 times in the retail category, 12.15 times in QIB, and 122.88 times in the NII category by November 1, 2023 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	12.15	1,350,000	1,64,04,000	114.83
Non-Institutional Buyers*	122.88	966,000	11,87,00,000	830.90
Retail Investors	39.82	2,250,000	8,95,86,000	627.10
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	49.21	4,566,000	22,46,90,000	1,572.83

Total Application : 44,793 (39.82 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 714,000 equity shares not included.

Transteel Seating Technologies IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 October 30, 2023	0.00	1.76	2.74	1.72
Day 2 October 31, 2023	0.32	2.91	7.99	4.65
Day 3 November 1, 2023	12.15	122.88	39.82	49.21

Transteel Seating Technologies IPO Shares Offered

Transteel Seating Technologies IPO is a public issue of 7,140,000 equity shares. The issue offers 2,250,000 shares to retail investors, 1,350,000 shares to qualified institutional buyers, and 966,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,860,000	13.02	26.05%
Market Maker	714,000	5.00	10.00%
QIB	1,350,000	9.45	18.91%
NII*	966,000	6.76	13.53%
Retail	2,250,000	15.75	31.51%
Total	7,140,000	49.98	100%

Transteel Seating Technologies IPO Anchor Investor Allocation

A total of 1,860,000 shares at a price of Rs 70 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	Chanakya Opportunities Fund 1	286,000	70	15.38	20,020,000
2	Nav Capital Vcc- Nav Capital Emerging Star Fund	714,000	70	38.39	49,980,000
3	VPK Global Ventures Fund- Scheme-1	288,000	70	15.48	20,160,000
4	Moneywise Financial Services Pvt. Ltd.	286,000	70	15.38	20,020,000
5	Nexus Global Opportunities Fund	286,000	70	15.38	20,020,000
		1,860,000		100	130,200,000

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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Transteel Seating Technologies IPO Subscription FAQs

The Transteel Seating Technologies IPO is subscribed 49.21 by November 1, 2023.