Forge Auto International IPO Subscription.

SME

Forge Auto International: Category QIB offered 5,47,200 shares, applied 1,10,13,600 shares, with a subscription of 20.13x, and total amount raised is 118.95 Cr. Category HNI offered 4,10,400 shares, applied 2,41,76,400 shares, with a subscription of 58.91x, and total amount raised is 261.11 Cr. Category Retail offered 9,57,600 shares, applied 5,93,28,000 shares, with a subscription of 61.95x, and total amount raised is 640.74 Cr. Category Total offered 19,15,200 shares, applied 9,45,18,000 shares, with a subscription of 49.35x, and total amount raised is 1,020.79 Cr.

Forge Auto International: For QIB, - shares were reserved, max winners were -, 14 were applied, application-wise subscription was -, and people-based subscription was -. For HNI, 342 shares were reserved, max winners were -, 3,502 were applied, application-wise subscription was 10.24x, and people-based subscription was -. For Retail, 798 shares were reserved, max winners were -, 49,440 were applied, application-wise subscription was 61.95x, and people-based subscription was -. Total applications received were 52,956.

Category	Offered	Applied	Times	Total Amount (Rs Cr.)
QIB	5,47,200	1,10,13,600	20.13x	118.95
HNI	4,10,400	2,41,76,400	58.91x	261.11
Retail	9,57,600	5,93,28,000	61.95x	640.74
Total	19,15,200	9,45,18,000	49.35x	1,020.79

Last Updated : 30 Sep, 2024 05:56:19 PM

Category	Reserved	Applied	Times
QIB	-	14	-
HNI	342	3,502	10.24x
Retail	798	49,440	61.95x

Total Applications: 52956

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:
1. 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.
2. 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.
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 Forge Auto International IPO

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