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Onyx Biotec Limited IPO Details

IPO Investor Categories

• Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are typically large financial investors, such as mutual funds, insurance companies, pension funds, & hedge funds, those who believe they have the knowledge and resources to evaluate investment opportunities. QIBs must meet certain financial criteria set by the Securities and Exchange Board of India (SEBI) to participate in the IPO. They are allowed to bid on the shares at a lower price than the price offered to retail investors.
• Non-Institutional Investors (NII) - Non-institutional investors (NIIs), on the other hand, generally consist of individual investors, high net worth individuals (HNIs), or companies that do not meet the financial criteria a be classified as QIBs and allowed to participate in IPOs at the same price as retail investors.

NII category has two subcategories:

1. sNII - "sNII" means "small non-institutional investor". This sub-category includes investors who have created shares of ₹2 lakh and ₹10 lakh in IPO.

2. bNII—"bNII" means "large non-institutional investor." This sub-category includes investors who have created shares worth more than ₹10 lakh in an IPO.

• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares of up to ₹2 lakh in the IPO to promote retail participation in the IPO process.
• Employee (EMP)- In an IPO, the category of Employees “EMP” is reserved for the employees, directors & associate employees of the issuing company. The issuing company and the sponsor of the Initial Public Offering IPO determine the share allocation for this group.
• Others- An eligible group of shareholders or other investors with a reserve number of IPOs.