September 25, 2023 - September 27, 2023

Updater Services IPO Subscription Details

Updater Services IPO Subscription Status Live

Updater Services IPO subscribed 2.96 times. The public issue subscribed 1.45 times in the retail category, 4.50 times in QIB, and 0.89 times in the NII category by September 27, 2023 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	4.50	6,400,000	2,88,14,400	864.43
Non-Institutional Buyers	0.89	3,200,000	28,40,800	85.22
bNII (bids above ₹10L)	1.07	2,133,333	22,76,500	68.30
sNII (bids below ₹10L)	0.53	1,066,666	5,64,300	16.93
Retail Investors	1.45	2,133,333	30,90,050	92.70
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total	2.96	11,733,333	3,47,45,250	1,042.36

Total Application : 49,623 (1.16 times)

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

Updater Services IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 September 25, 2023	0.00	0.01	0.32	0.06
Day 2 September 26, 2023	0.00	0.12	0.72	0.17
Day 3 September 27, 2023	4.50	0.89	1.45	2.96

Updater Services IPO Shares Offered

Updater Services IPO is a public issue of 21,333,333 equity shares. The issue offers 2,133,333 shares to retail investors, 6,400,000 shares to qualified institutional buyers, and 3,200,000 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	9,600,000	288.00	45.00%
QIB	6,400,000	192.00	30.00%
NII	3,200,000	96.00	15.00%
bNII (bids above ₹10L)	2,133,333	64.00	10.00%
sNII (bids below ₹10L)	1,066,666	32.00	5.00%
Retail	2,133,333	64.00	10.00%
Total	21,333,333	640.00	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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Updater Services IPO Subscription FAQs

The Updater Services IPO is subscribed 2.96 by September 27, 2023.