Investor Categories Documents

Retail Individual Investors (RII): IPO Allotment Rules

Retail Individual Investors (RII) form one of the most important categories in an IPO. SEBI has defined specific rules for retail participation to ensure fairness, equal opportunity, and broad public access to IPOs. Understanding RII ... read more

Non-Institutional Investors (NII / HNI): IPO Allotment Rules

Non-Institutional Investors (often referred to as NII or HNI – High Net Worth Individuals) form a distinct category in the IPO allotment process. SEBI has prescribed specific rules for how shares are allotted to this group when an ... read more

Qualified Institutional Buyers (QIB): IPO Allotment Explained

Qualified Institutional Buyers (QIBs) form the backbone of demand in most IPOs. Their participation is closely watched because it often reflects institutional confidence in the company’s valuation, governance, and long-term prospects ... read more

NII Below ₹10L vs Above ₹10L: Allotment Differences

In Indian IPO allotments, the Non-Institutional Investor (NII) category includes applications from high-value individual investors and other non-institutional bidders. SEBI and IPO registrars often analyze NII bids in two segments to ... read more

Shareholder Quota IPO Allotment Explained

Some IPOs in India offer a special reservation known as the Shareholder Quota. This quota allows existing shareholders of a specified listed company to apply for shares in an IPO under a reserved category, separate from the general ... read more

Employee Quota IPO Allotment Explained

Some IPOs in India offer a special reservation known as the Employee Quota. This quota allows eligible employees of the issuing company to apply for shares in the IPO under a reserved category, separate from retail, NII, and QIB ... read more

Retail vs NII vs QIB: Who Gets Better IPO Allotment?

In an Initial Public Offering (IPO) in India, investors are divided into multiple categories for allotment purposes. The three primary categories are Retail Individual Investors (RII), Non-Institutional Investors (NII / HNI), and ... read more