Northern ARC Capital 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) 5848056 1408133928 240.79
1(a) Foreign Institutional Investors (FIIs) - 372037233 -
1(b) Mutual Funds - 73095831 -
1(c) Others - 963000864 -
2 Non Institutional Investors(NIIS) 4511808 642529308 142.41
2(a) Corporates - 7921290 -
2(b) Individuals (Other than RIIs) - 569020227 -
2(c) Others - 65587791 -
3 Retail Individual Investors (RIIs) 10527552 327247602 31.08
3(a) Cut Off - 291467790 -
3(b) Price Bids - 35779812 -
4 Employee Reserved 590874 4332969 7.33
4(a) Employee (Cut off) - 3883923 -
4(b) Employee (Price) - 449046 -
Total 21478290 2382243807 110.91

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).