March 2, 2023 - March 6, 2023

Vertexplus Technologies IPO Subscription Details

Vertexplus Technologies IPO Subscription Status Live

Vertexplus Technologies IPO subscribed 11.01 times. The public issue subscribed 15.53 times in the retail category, 1.43 times in QIB, and 35.15 times in the NII category by March 6, 2023 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	1.43	702,000	4,10,400	3.94
Non-Institutional Buyers	35.15	211,200	74,24,400	71.27
Retail Investors	15.53	492,000	76,41,600	73.36
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total	11.01	1,405,200	1,54,76,400	148.57

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

* Market Maker portion of 74,400 equity shares not included.

Vertexplus Technologies IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 March 2, 2023	0.00	0.33	1.00	0.40
Day 2 March 3, 2023	0.00	0.63	2.85	1.09
Day 3 March 6, 2023	1.43	35.15	15.53	11.01

Vertexplus Technologies IPO Shares Offered

Vertexplus Technologies IPO is a public issue of 1,894,800 equity shares. The issue offers 492,000 shares to retail investors, 702,000 shares to qualified institutional buyers, and 211,200 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	415,200	3.99	21.91%
Market Maker	74,400	0.71	3.93%
QIB	702,000	6.74	37.05%
NII	211,200	2.03	11.15%
Retail	492,000	4.72	25.97%
Total	1,894,800	18.19	100%

Vertexplus Technologies IPO Anchor Investor Allocation

A total of 415,200 shares at a price of Rs 96 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	Zinnia Global Fund PCC - Blue Jade Investment Fund	207,600	96	50	19,929,600
2	Nav Capital Vcc- Nav Capital Emerging Star Fund	207,600	96	50	19,929,600
		415,200		100	39,859,200

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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Vertexplus Technologies IPO Subscription FAQs

The Vertexplus Technologies IPO is subscribed 11.01 by March 6, 2023.