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Signatureglobal (India) Limited IPO Details

IPO Investor Categories

• Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are big, financially savvy investors like mutual funds, insurance companies, pension funds, and hedge funds. They're seen as experts with the ability and resources to assess investment opportunities. QIBs need to meet specific financial standards established by the Securities and Exchange Board of India (SEBI) to take part in an IPO, and they can bid for shares at a price below what's offered to regular 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." These are individual investors who have placed bids for shares in an IPO, and their bids range from Rs. 2 lakhs to Rs. 10 lakhs.

2. bNII - "bNII" stands for "Big Non-Institutional Investor." These are individual investors who have placed bids for shares in an IPO, and their bids are for amounts exceeding Rs. 10 lakhs.

• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to Rs. 2 lakhs in an IPO, aimed at encouraging 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- This refers to a specific group of qualified shareholders or investors who have a designated allocation in the initial public offering (IPO).