Neelam Linens and Garments IPO Subscription.

SME

Neelam Linens and Garments: Category QIB offered 10,32,000 shares, applied 1,58,94,000 shares, with a subscription of 15.40x, and total amount raised is 38.15 Cr. Category HNI offered 7,74,000 shares, applied 21,19,38,000 shares, with a subscription of 273.82x, and total amount raised is 508.65 Cr. Category Retail offered 18,00,000 shares, applied 10,40,76,000 shares, with a subscription of 57.82x, and total amount raised is 249.78 Cr. Category Total offered 36,06,000 shares, applied 33,19,08,000 shares, with a subscription of 92.04x, and total amount raised is 796.58 Cr.

Neelam Linens and Garments: For QIB, - shares were reserved, max winners were -, 8 were applied, application-wise subscription was -, and people-based subscription was -. For HNI, 129 shares were reserved, max winners were -, 1,344 were applied, application-wise subscription was 10.42x, and people-based subscription was -. For Retail, 300 shares were reserved, max winners were -, 17,346 were applied, application-wise subscription was 57.82x, and people-based subscription was -. Total applications received were 18,698.

Category	Offered	Applied	Times	Total Amount (Rs Cr.)
QIB	10,32,000	1,58,94,000	15.40x	38.15
HNI	7,74,000	21,19,38,000	273.82x	508.65
Retail	18,00,000	10,40,76,000	57.82x	249.78
Total	36,06,000	33,19,08,000	92.04x	796.58

Last Updated : 12 Nov, 2024 05:58:01 PM

Category	Reserved	Applied	Times
QIB	-	8	-
HNI	129	1,344	10.42x
Retail	300	17,346	57.82x

Total Applications: 18698

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.

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