TechEra Engineering LImited IPO Subscription.

SME

TechEra Engineering LImited: Category QIB offered 8,32,000 shares, applied 2,59,74,400 shares, with a subscription of 31.22x, and total amount raised is 212.99 Cr. Category HNI offered 6,24,000 shares, applied 8,06,38,400 shares, with a subscription of 129.23x, and total amount raised is 661.23 Cr. Category Retail offered 14,56,000 shares, applied 9,68,51,200 shares, with a subscription of 66.52x, and total amount raised is 794.18 Cr. Category Total offered 29,12,000 shares, applied 20,34,64,000 shares, with a subscription of 69.87x, and total amount raised is 1,668.40 Cr.

TechEra Engineering LImited: For QIB, - shares were reserved, max winners were -, 22 were applied, application-wise subscription was -, and people-based subscription was -. For HNI, 390 shares were reserved, max winners were -, 4,488 were applied, application-wise subscription was 11.51x, and people-based subscription was -. For Retail, 910 shares were reserved, max winners were -, 60,532 were applied, application-wise subscription was 66.52x, and people-based subscription was -. Total applications received were 65,042.

Category	Offered	Applied	Times	Total Amount (Rs Cr.)
QIB	8,32,000	2,59,74,400	31.22x	212.99
HNI	6,24,000	8,06,38,400	129.23x	661.23
Retail	14,56,000	9,68,51,200	66.52x	794.18
Total	29,12,000	20,34,64,000	69.87x	1,668.40

Last Updated : 27 Sep, 2024 05:56:27 PM

Category	Reserved	Applied	Times
QIB	-	22	-
HNI	390	4,488	11.51x
Retail	910	60,532	66.52x

Total Applications: 65042

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 Shringar House of Mangalsutra IPO

Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites. The information / data provided herein is for informational purposes only and is provided by a2zipo.com on "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. a2zipo.com does not warrant the accuracy, adequacy or completeness of the information you obtain through the above websites. a2zipo.com shall not be liable in any way for any discrepancies, errors, omissions, losses or damage. a2zipo.com, including its affiliates and its directors, staff and employees, shall not be liable for any loss, damage of any kind, including but not limited to direct, indirect, punitive, exemplary, consequential damages and lost profits arising in any way out of the use of information / data obtained through the said websites. The recipient alone is fully responsible / liable for any decision made based on this information / data. All recipients, before relying on the said information, should do their own research and seek appropriate professional advice.