Western Carriers (India) 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) 5898528 165092679 27.99
1(a) Foreign Institutional Investors (FIIs) - 88839006 -
1(b) Mutual Funds - 14800788 -
1(c) Others - 61452885 -
2 Non Institutional Investors(NIIS) 4490982 200804700 44.71
2(a) Corporates - 3874719 -
2(b) Individuals (Other than RIIs) - 178216716 -
2(c) Others - 18713265 -
3 Retail Individual Investors (RIIs) 10478957 271956519 25.95
3(a) Cut Off - 241338435 -
3(b) Price Bids - 30618084 -
4 Employee Reserved - - -
4(a) Employee (Cut off) - - -
4(b) Employee (Price) - - -
Total 20868467 637853898 30.57

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).