Abha Power and Steel IPO Subscription.
SME
Abha Power and Steel: Category HNI offered 24,38,400 shares, applied 2,23,56,800 shares, with a subscription of 9.17x, and total amount raised is 167.68 Cr. Category Retail offered 24,38,400 shares, applied 6,07,93,600 shares, with a subscription of 24.93x, and total amount raised is 455.95 Cr. Category Total offered 48,76,800 shares, applied 8,31,50,400 shares, with a subscription of 17.05x, and total amount raised is 623.63 Cr.
Abha Power and Steel: For HNI (3 Lots), 1,524 shares were reserved, max winners were 508, 3,832 were applied, application-wise subscription was 2.51x, and people-based subscription was 8x. For Individual Investor (2 Lots), 1,524 shares were reserved, max winners were 762, 37,996 were applied, application-wise subscription was 24.93x, and people-based subscription was 50x. Total applications received were 41,831.
| Category | Offered | Applied | Times | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| HNI | 24,38,400 | 2,23,56,800 | 9.17x | 167.68 |
| Retail | 24,38,400 | 6,07,93,600 | 24.93x | 455.95 |
| Total | 48,76,800 | 8,31,50,400 | 17.05x | 623.63 |
Last Updated : 29 Nov, 2024 05:57:36 PM
| Category | Reserved | Applied | Times |
|---|---|---|---|
| QIB | - | 3 | - |
| HNI (3 Lots) | 1,524 | 3,832 | 2.51x |
| Individual Investor (2 Lots) | 1,524 | 37,996 | 24.93x |
Total Applications: 41831
IPO Investor Categories
- Qualified Institutional Buyers (QIB)
Institutions like banks, mutual funds, insurance companies, and other SEBI-registered entities fall under the QIB category. They typically invest large sums on behalf of clients or schemes. - Non-Institutional Investors (NII)
This group includes high-net-worth individuals (HNIs), NRIs, trusts, and companies that apply for shares worth more than ₹2 lakhs. Unlike QIBs, SEBI registration is not required.NII is further split into:
- sNII (Applications below ₹10 Lakhs)
Investors bidding between ₹2 lakhs and ₹10 lakhs fall in the Small NII (sHNI) bracket. One-third of the NII portion is set aside for them. - bNII (Applications above ₹10 Lakhs)
Investors applying for more than ₹10 lakhs are classified as Big NIIs (bHNI). Two-thirds of the NII shares are allocated to this sub-category.
- sNII (Applications below ₹10 Lakhs)
- Retail Individual Investors (RII)
Individuals or NRIs applying for shares up to ₹2 lakhs are considered retail investors and are part of the RII quota. - Employee (EMP)
This section is reserved for eligible employees of the company participating in the IPO. - Others
Includes eligible shareholders or specific investors with a reserved quota as per the IPO policy.
Read more about Abha Power and Steel IPO
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