Davin Sons Retail IPO Subscription.
SME
Davin Sons Retail: Category HNI offered 7,58,000 shares, applied 5,01,84,000 shares, with a subscription of 66.21x, and total amount raised is 276.01 Cr. Category Retail offered 7,58,000 shares, applied 12,49,04,000 shares, with a subscription of 164.78x, and total amount raised is 686.97 Cr. Category Total offered 15,16,000 shares, applied 17,50,88,000 shares, with a subscription of 115.49x, and total amount raised is 962.98 Cr.
Davin Sons Retail: For HNI (3 Lots), 379 shares were reserved, max winners were 126, 6,750 were applied, application-wise subscription was 17.81x, and people-based subscription was 54x. For Individual Investor (2 Lots), 379 shares were reserved, max winners were 190, 62,452 were applied, application-wise subscription was 164.78x, and people-based subscription was 330x. Total applications received were 69,214.
| Category | Offered | Applied | Times | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| HNI | 7,58,000 | 5,01,84,000 | 66.21x | 276.01 |
| Retail | 7,58,000 | 12,49,04,000 | 164.78x | 686.97 |
| Total | 15,16,000 | 17,50,88,000 | 115.49x | 962.98 |
Last Updated : 06 Jan, 2025 05:57:10 PM
| Category | Reserved | Applied | Times |
|---|---|---|---|
| QIB | - | 12 | - |
| HNI (3 Lots) | 379 | 6,750 | 17.81x |
| Individual Investor (2 Lots) | 379 | 62,452 | 164.78x |
Total Applications: 69214
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 Davin Sons Retail IPO
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