June 26, 2018 - June 28, 2018

Varroc Engineering IPO Subscription Details

Varroc Engineering IPO Subscription Status Live

Varroc Engineering IPO subscribed 3.54 times. The public issue subscribed 0.84 times in the retail category, 9.15 times in QIB, and 2.45 times in the NII category by June 28, 2018 (Day 3).

Investor Category	Subscription (times)	Shares Offered
Qualified Institutions	9.15	4,024,346
Non-Institutional Buyers	2.45	3,018,260
Retail Investors	0.84	7,042,606
Employees	0.63	100,000
Others	[.]	0
Total	3.54	14,185,212

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

Varroc Engineering IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	EMP	Total
Day 1 June 26, 2018	1.04	0.01	0.06	0.10	0.33
Day 2 June 27, 2018	3.18	0.04	0.22	0.34	1.02
Day 3 June 28, 2018	9.15	2.45	0.84	0.63	3.54

Varroc Engineering IPO Shares Offered

Varroc Engineering IPO is a public issue of 14,185,212 equity shares. The issue offers 7,042,606 shares to retail investors, 4,024,346 shares to qualified institutional buyers, and 3,018,260 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	4,024,346	389.15	28.37%
NII	3,018,260	291.87	21.28%
Retail	7,042,606	681.02	49.65%
Employee	100,000	9.67	0.70%
Total	14,185,212	1,371.71	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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Varroc Engineering IPO Subscription FAQs

The Varroc Engineering IPO is subscribed 3.54 by June 28, 2018.