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Sunlite Recycling Industries Limited IPO Details

IPO Investor Categories

·      Qualified Institutional Buyers (QIB)- Qualified institutional buyers “QIBs” are large sophisticated investors, such as the insurance companies' mutual funds, pension funds, & hedge funds, who have the expertise &  resources to evaluate the investment opportunities & are allowed to price shares lower than that offered by 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 and should be classified as QIBs and allowed to the 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 IPO.

·       Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to ₹2 lakh in the IPO to encourage vendor participation in the IPO process.

·        Employee (EMP)- The employee (EMP) category in an IPO is reserved for employees, directors, and associate employees of the issuing company, and the issuing company and the IPO's chief executive officer determine the allocation of shares in this category by the issuer company.

·        Others- An eligible group of shareholders or other investors with a reserve number of IPOs.