What is the process of IPO allotment?
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What is the process of IPO allotment?
After an organisation launches an IPO to the general public, all bids for the shares are registered online. Then through an online process, all invalid bids that were incorrectly submitted are eliminated from the total number of bids. With this, you now have the final number of successful bids for the said IPO.
Who are retail investors in IPO?
Retail investors: Any QII, who makes an application of over Rs 10 crore, is an anchor investor. Such investors typically bring in other investors as well. Up to 60\% of the shares meant for qualified institutional investors can be sold to anchor investors. The minimum allocation under the retail quota is 35\%.
What happens if IPO is not allocated?
In case shares are not allotted/ partially allotted, the amount paid would be refunded. The amount is deducted only when the shares get allotted. Only the amount for which the shares have been allotted would be deducted from the bank and not the total value of shares which were applied for in the IPO.
Which are the upcoming IPOS in India?
Upcoming IPOs in 2021
| IPO | Tentative Issue Size (in Rs. Crores) | Tentative Issue Date |
|---|---|---|
| Srei Equipment Finance | 1,100 | 2021 |
| Apeejay Surrendra Park Hotel | 1,000 | 2021 |
| ESAF Small Finance Bank | 998 | 2021 |
| Inspira Enterprise India Ltd. | 800 | 2021 |
What is HNI and retail in IPO?
Typically, investors can subscribe to IPO shares under three categories. They are: Retail Individual Investors (RII) High Net Worth Individuals (HNI) Qualified Institutional Buyers (QIB)
How much can a retail investor invest in IPO?
RII – Retail Individual Investor The maximum amount of investment is Rs. 2 lakh. A minimum of 35\% of the IPO is reserved for the RII category. Investors from this category can bid at the cut-off price.
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