Bajaj Housing Finance Ltd. IPO Subscription

IPO Subscription
Sr.No. Category No.of shares offered / reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs) 177575756 37177059692 209.36
1(a) Foreign Institutional Investors (FIIs) - 15454127914 -
1(b) Mutual Funds - 3959366796 -
1(c) Others - 17763564982 -
2 Non Institutional Investors(NIIS) 133181819 5528557748 41.51
2(a) Corporates - 298090016 -
2(b) Individuals (Other than RIIs) - 4687246280 -
2(c) Others - 543221452 -
3 Retail Individual Investors (RIIs) 310757576 2188022028 7.04
3(a) Cut Off - 1887158786 -
3(b) Price Bids - 300863242 -
4 Employee Reserved 30303030 62185190 2.05
4(a) Employee (Cut off) - 53004804 -
4(b) Employee (Price) - 9180386 -
Total 727575756 46283582522 63.61

The subscription level indicates the level of investor interest in the IPO, typically expressed as the number of times the shares offered has been applied for by investors.

Investors are categorized into the following groups:

  • Retail Individual Investors (RIIs)
  • Non-Institutional Investors (NIIs)
  • Qualified Institutional Buyers (QIBs)

Retail Individual Investors (RIIs) - A "retail individual investor" refers to an investor who applies or bids for securities amounting to Rs. 2, 00,000 or less.

Qualified Institutional Buyers (QIBs) - include entities registered with SEBI such as mutual funds, venture capital funds, foreign venture capital investors, foreign institutional investors, public financial institutions, scheduled commercial banks, development financial institutions, state industrial development corporations, insurance companies, provident funds, pension funds, the National Investment Fund, and specific insurance funds managed by the armed forces and Department of Posts in India.

Non-Institutional Investors (NIIs) - Investors who do not meet the criteria for Retail Individual Investors (RIIs) or Qualified Institutional Buyers (QIBs) are categorized as "Non-Institutional Investors" (NIIs).