Wise Travel India Limited IPO Subscriptions Status Live Today
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February 12, 2024 - February 14, 2024
Closed
Wise Travel India Limited IPO Details
Issue Open |
12 February 2024 |
Issue Close |
14 February 2024 |
IPO Price |
₹140 to ₹147 per
equity share |
Face Value |
₹10 per equity share |
IPO Size |
₹94.68 Cr. |
Listing At |
NSE, SME |
IPO Lot
Size |
1000 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 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 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.
Frequently Asked Question
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