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Subam Papers Limited IPO Details

IPO Investor Categories

• Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are typically large investors with financial expertise, such as mutual funds, insurance companies, pension funds and hedge funds, who are considered to have expertise & resources will investment opportunities “QIBs” have to the comply with the certain investment norms laid down by the Securities and Exchange Board of India “SEBI” in order to participate in the Initial Public Offering “IPO”. They are allowed to bid the shares at the lower price than the price offered to the retail investors.
• Non-Institutional Investors (NII) - Non-Institutional Investors (NIIs), on the other hand, are usually individual investors, high net worth of individuals (HNIs), or the institutions without financial standards to be the closed as QIBs.

NII category has two subcategories:

1. sNII - "sNII" means "small non-institutional investor". This sub-category includes the investors who have created shares of ₹2 lakh & ₹10 lakhs in Initial Public Offering IPO.

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

• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to ₹2 lakh in IPOs to encourage retail participation in the Initial Public offering IPO process.
• Employee (EMP)- In an Initial Public Offering IPO, the category of Employees “EMP” is reserved for the employees, directors & associate employees of the issuing company, and the shares to be the allocated to this category by the issuing company is determined by the main administrator of the IPO.
• Others- Groups of qualified shareholders or other investors who again reserved the Initial Public offering IPO quota.