ROX Hi Tech Limited IPO Subscriptions Status Live Today
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ROX Hi-Tech Limited IPO Details
Issue Open | 07 November 2023 |
Issue Close | 09 November 2023 |
IPO Price | ₹80 to ₹83 per equity share |
Face Value | ₹10 per equity share |
IPO Size | ₹54.49 Cr. |
Listing At | NSE, SME |
IPO Lot Size | 1600 Shares |
IPO Investor Categories
· Qualified Institutional Buyers (QIB)- Qualified
Institutional Buyers (QIBs) are typically large, financially sophisticated
investors, such as mutual funds, insurance companies, pension funds, and hedge
funds, who are considered to have the expertise 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 an IPO. They
are allowed to bid for shares at a price lower than the price at which shares
are offered retail investors.
· Non-Institutional Investors (NII) - Non-Institutional Investors (NIIs), 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. They are allowed to participate in an IPO at the same price as retail investors.
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 Rs. 2 lakhs
and Rs. 10 lakhs in an IPO.
2. bNII - "bNII" stands for "Big Non-Institutional Investor." This subcategory includes investors who have bid for shares worth more than Rs. 10 lakhs in an IPO.
· Retail
Individual Investors (RII) - Retail Individual Investors (RIIs) are
individual investors who apply for shares worth up to Rs. 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 allocation of shares to this category is determined by the issuer company and the lead manager of the IPO.
· Others- A category of eligible shareholders or other investors with a reserved IPO quota.
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