Pranav Constructions IPO Subscription.

• 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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