STOCK BROKER REVIEW | INVESTING | UPCOMING IPO | ALGO TRADING | TECHNICAL ANALYSIS

Wise Travel India Limited IPO Subscriptions Status Live Today

 

Get Real-Time Updates on stock market trends and news

Get updates on stock market, Stock related news, Algo Trading, learn profitable strategies.

Join WhatsApp Channel

Wise Travel India Limited IPO

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

Comments for Wise Travel India Limited IPO Subscriptions Status Live Today

0 comments