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Tolins Tyres Limited IPO Details

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 are required to the meet certain financial criteria set by the Securities & Exchange Board of India (SEBI) to participate in the Initial Public Offering “IPO”, and they are allowed to bid for the shares at a price lower than the price at which shares are offered to 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 the bid for shares worth between ₹2 lakhs and ₹10 lakhs in an IPO.

2. bNII - "bNII" stands for "Big Non-Institutional Investor." This subcategory includes investors have bid for the shares worth more than ₹10 lakhs in an IPO.

• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to ₹2 lakhs in an IPO, aimed at the encouraging retail participation in the Initial Public Offering 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 by the issuer company & lead manager of the IPO.

• Others- A category of eligible shareholders or other investors who have the reserved quota in the Initial Public Offering “IPO”.