Question
SEBI has divided the Non-institutional Investors (NII)
category into two based on the application size for book-built IPOs. What proportion of NIIs has been reserved for application size of more than 10 lakh?Solution
As the number of smaller NIIs continues to grow, SEBI proposed a sub-categorization of NIIs into two categories. Â Â Â Â Â In the first sub-category, one-third of the allocation allocated to NIIs will be intended for application sizes between more than Rs 2 lakh and Rs 10 lakh. For the second sub-category, Committee proposed that two-thirds of the allocation reserved for NIIs be intended for requests exceeding Rs 10 lakh
412, 537, 573, 916, 980, ?
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230, 34.5, ‘?’, 0.77625
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76, 82, 158, 240, 398, 638, ?
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5, 11, 32, 65, ?, 389