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      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?
      A 1/4th Correct Answer Incorrect Answer
      B 3/4th Correct Answer Incorrect Answer
      C 1/3rd Correct Answer Incorrect Answer
      D 2/3rd Correct Answer Incorrect Answer
      E 1/2 Correct Answer Incorrect Answer

      Solution

      As the number of smaller NIIs continues to grow, SEBI proposed a sub-categorization of NIIs into two categories.       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

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