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Brace Port Logistics Limited IPO Details

IPO Investor Categories

•  Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are the typically large, financially investors, such as the insurance companies, mutual funds, pension funds & hedge funds, which are the considered to have the expertise & resources to evaluate investment opportunities. QIBs must be meet certain financial criteria set by the Securities and Exchange Board of India (SEBI) to participate in an IPO. They are allowed to bid for shares at a price lower than the price at which shares are They are allowed to bid for the shares at a lower price than the price offered to retail investors.

•  Non-Institutional Investors (NII) - (NIIs) - Non-Institutional Investors on the other hand, are typically individual investors, High Net Worth Individuals (HNIs), or corporate bodies who do not meet the financial criteria to be classified as QIBs.

NII category has two subcategories:

1. sNII - "sNII" stands for "Small Non-Institutional Investor." This subcategory includes investors who have bid for shares worth between ₹2 lakhs and ₹10 lakhs in an IPO.

2. bNII - bNII - "bNII" stands for "Big Non-Institutional Investor." This subcategory includes investors who have bid for shares worth more than ₹10 lakhs in an IPO.

• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to ₹2 lakhs in an IPO to encourage retail participation in the IPO process.

• Employee (EMP)- The Employee (EMP) category in an IPO is reserved for the employees, directors, and business associates of the issuer company, and the issuing company and the managing director of the IPO determine the allocation of shares in this category.

• Others- A category of  the eligible shareholders or other investors with the reserved IPO quota.