{"id":13261,"date":"2025-11-13T17:59:36","date_gmt":"2025-11-13T12:29:36","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=13261"},"modified":"2026-03-23T15:34:23","modified_gmt":"2026-03-23T10:04:23","slug":"non-institutional-investors","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/non-institutional-investors\/","title":{"rendered":"What Are Non-Institutional Investors (NII)? Meaning, Types &#038; Role in IPOs"},"content":{"rendered":"\n<p>Whenever a fresh IPO hits the Indian market, the subscription numbers from non institutional investors often jump sharply within a few hours. This sudden demand usually signals strong interest from high-value investors, and many people track it to understand how the IPO may perform on listing day.<\/p>\n\n\n\n<p>NIIs play an important role because they invest amounts above the retail limit and can influence the overall subscription trend. Their participation also gives early hints about market confidence in that company. With this in mind, understanding who NIIs are and how this category works becomes useful for any investor following IPOs.<\/p>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>Table of Contents<\/h2><nav><ul><li class=\"\"><a href=\"#what-are-non-institutional-investors-nii\">What Are Non Institutional Investors?<\/a><\/li><li class=\"\"><a href=\"#nii-meaning-and-full-form-in-ipo\">NII Meaning and Full Form in IPO<\/a><\/li><li class=\"\"><a href=\"#who-falls-under-nii-category\">Who Falls Under NII Category?<\/a><\/li><li class=\"\"><a href=\"#types-of-non-institutional-buyers-nib-under-nii-category\">Types of Non Institutional Buyers (NIB) Under NII Category<\/a><\/li><li class=\"\"><a href=\"#nii-vs-retail-vs-qib-whats-the-difference\">NII vs Retail vs QIB \u2013 What\u2019s the Difference?<\/a><\/li><li class=\"\"><a href=\"#how-does-nii-allotment-work-in-ipo\">How Does NII Allotment Work in IPO?<\/a><\/li><li class=\"\"><a href=\"#minimum-share-allotment-requirement\">Minimum Share Allotment Requirement<\/a><\/li><li class=\"\"><a href=\"#how-to-apply-in-ipo-as-an-nii-investor-easy-steps\">How to Apply in IPO as an NII Investor \u2013 Easy Steps<\/a><\/li><li class=\"\"><a href=\"#common-mistakes-nii-investors-make\">Common Mistakes NII Investors Make<\/a><\/li><li class=\"\"><a href=\"#is-nii-category-good-for-listing-gains\">Is NII Category Good for Listing Gains?<\/a><\/li><li class=\"\"><a href=\"#conclusion\">Conclusion<\/a><\/li><li class=\"\"><a href=\"#fa-qs\">Frequently Asked Questions<\/a><ul><li class=\"\"><a href=\"#faq-question-1763031388512\">What is the meaning of NII in an IPO<\/a><\/li><li class=\"\"><a href=\"#faq-question-1763031399949\">Who comes under the NII category<\/a><\/li><li class=\"\"><a href=\"#faq-question-1763031404599\">What is the difference between NII and retail investors<\/a><\/li><li class=\"\"><a href=\"#faq-question-1763031414275\">What is the role of bNII in IPOs<\/a><\/li><li class=\"\"><a href=\"#faq-question-1763031419780\">How does NII participation affect IPO listing<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-are-non-institutional-investors-nii\"><strong>What Are Non Institutional Investors?<\/strong><\/h2>\n\n\n\n<p>Non Institutional Investors are investors who apply for shares in an IPO with an amount <strong>above the retail limit<\/strong>, which is more than 2 lakh rupees. They are not <a href=\"https:\/\/lakshmishree.com\/blog\/qualified-institutional-placement\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/qualified-institutional-placement\/\" rel=\"noreferrer noopener\">Qualified Institutional Buyers<\/a>, and they do not fall under the small retail investor category. NIIs usually include <a href=\"https:\/\/lakshmishree.com\/blog\/high-net-worth-individual\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/high-net-worth-individual\/\" rel=\"noreferrer noopener\">high-value individual investors<\/a>, corporate bodies, NBFCs and even trusts that participate in IPOs through the book-building process.<\/p>\n\n\n\n<p>What makes NIIs important is the way their bidding reflects market confidence. When the NII category gets strong early subscriptions, it often indicates that experienced or large investors find the IPO attractive. This category also follows a proportionate allotment system, which means investors get shares based on the size of their application, making it different from the lottery system used for retail applicants.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"nii-meaning-and-full-form-in-ipo\"><strong>NII Meaning and Full Form in IPO<\/strong><\/h2>\n\n\n\n<p>The <strong>full form of NII is Non Institutional Investors<\/strong>, and the meaning of NII in <a href=\"https:\/\/ipo.lakshmishree.com\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/ipo.lakshmishree.com\/\" rel=\"noreferrer noopener\">IPO<\/a> refers to a special investor category created by SEBI for investors applying above 2 lakh rupees in a public issue. This category is officially recognised in book-built IPOs and is reserved with a dedicated quota.<\/p>\n\n\n\n<p>In an IPO, the NII category shows how much demand is coming from high-value or sophisticated buyers. SEBI designed this segment to ensure that medium and large investors who are not institutions still get a fair chance to participate.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"who-falls-under-nii-category\"><strong>Who Falls Under NII Category?<\/strong><\/h2>\n\n\n\n<p>The NII category includes investors who apply for an IPO with a bid amount higher than 2 lakh rupees and are not counted as institutions. These investors get a separate quota and follow proportionate allotment.<\/p>\n\n\n\n<p><strong>Investors who fall under the NII category include:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>High Net-worth Individuals (HNIs):<\/strong> Individuals applying above 2 lakh rupees.<\/li>\n\n\n\n<li><strong>Corporate Bodies:<\/strong> Companies or registered businesses placing higher-value bids.<\/li>\n\n\n\n<li><strong>NBFCs:<\/strong> Non-Banking Finance Companies investing in IPOs for portfolio growth.<\/li>\n\n\n\n<li><strong>Partnership Firms:<\/strong> Registered firms applying as a group entity.<\/li>\n\n\n\n<li><strong>Trusts &amp; Societies:<\/strong> Organised groups investing as per SEBI rules.<\/li>\n\n\n\n<li><strong>Eligible Individual Investors Using IPO Funding:<\/strong> Those who take bank-funded IPO loans and apply above the retail limit.<br><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"types-of-non-institutional-buyers-nib-under-nii-category\"><strong>Types of Non Institutional Buyers (NIB) Under NII Category<\/strong><\/h2>\n\n\n\n<p>Non Institutional Buyers are further divided into two groups to maintain fair distribution and improve allotment clarity. This split helps large and mid-size bidders get separate consideration during the IPO process.<\/p>\n\n\n\n<p><strong>The two types of NIB under the NII category are:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>S-NII (Small NII):<\/strong> Investors who place bids below 10 lakh rupees. This group usually includes smaller HNIs who prefer manageable application sizes.<\/li>\n\n\n\n<li><strong>B-NII (Big NII):<\/strong> Investors who place bids above 10 lakh rupees. These are mostly large <a href=\"https:\/\/lakshmishree.com\/blog\/high-net-worth-individual\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/high-net-worth-individual\/\" rel=\"noreferrer noopener\">HNIs<\/a>, corporate bodies or investors using funding routes for bigger applications.<br><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"nii-vs-retail-vs-qib-whats-the-difference\"><strong>NII vs Retail vs QIB \u2013 What\u2019s the Difference?<\/strong><\/h2>\n\n\n\n<p>The main difference between NIIs, retail investors and QIBs lies in the investment amount, quota percentage and allotment method. Each group follows separate SEBI rules and has its own share of the IPO allocation.<\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-b16ad781 wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Category<\/strong><\/th><th><strong>Investment Amount<\/strong><\/th><th><strong>Allotment Method<\/strong><\/th><th><strong>Reserved Quota<\/strong><\/th><th><strong>Typical Investors<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>NII (Non Institutional Investors)<\/strong><\/td><td>Above 2 lakh rupees<\/td><td>Proportionate allotment<\/td><td>15 percent<\/td><td>HNIs, corporates, NBFCs<\/td><\/tr><tr><td><strong>Retail Investors (RII)<\/strong><\/td><td>Up to 2 lakh rupees<\/td><td>Lottery-based allotment<\/td><td>35 percent<\/td><td>Small individual investors<\/td><\/tr><tr><td><strong>QIB (Qualified Institutional Buyers)<\/strong><\/td><td>No minimum amount<\/td><td>Proportionate allotment<\/td><td>50 percent<\/td><td>Banks, mutual funds, FIIs<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/bit.ly\/lisl_blogs\" target=\"_blank\" rel=\" noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"909\" height=\"280\" src=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2025\/02\/Blog-in-article-banners-26.jpg\" alt=\"Start Investing - LISPL Investment\" class=\"wp-image-11711\" style=\"width:640px;height:auto\" srcset=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2025\/02\/Blog-in-article-banners-26.jpg 909w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2025\/02\/Blog-in-article-banners-26-752x232.jpg 752w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2025\/02\/Blog-in-article-banners-26-768x237.jpg 768w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2025\/02\/Blog-in-article-banners-26-150x46.jpg 150w\" sizes=\"(max-width: 909px) 100vw, 909px\" \/><\/a><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"how-does-nii-allotment-work-in-ipo\"><strong>How Does NII Allotment Work in IPO?<\/strong><\/h2>\n\n\n\n<p>The allotment for Non Institutional Investors follows a proportionate system, which means shares are distributed based on the size of the application. Unlike retail investors, NIIs do not get allotment through a lottery because their bids are larger and handled differently by SEBI rules.<\/p>\n\n\n\n<p><strong>How NII allotment works:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The total NII quota is divided between S-NII and B-NII.<\/li>\n\n\n\n<li>Shares are allocated in proportion to the bid size.<\/li>\n\n\n\n<li>Larger bids have higher chances of allotment.<\/li>\n\n\n\n<li>Allotment is based on valid applications submitted through ASBA or UPI.<\/li>\n\n\n\n<li>If the NII category is oversubscribed, allotment reduces proportionally.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"minimum-share-allotment-requirement\"><strong>Minimum Share Allotment Requirement<\/strong><\/h2>\n\n\n\n<p>The minimum share allotment for NIIs depends on the lot size set by the company in the IPO. Since NII applications must be above 2 lakh rupees, they must apply for multiple lots instead of a single lot like retail investors.<\/p>\n\n\n\n<p><strong>Key points about minimum allotment:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>One NII application must exceed 2 lakh rupees.<\/li>\n\n\n\n<li>Minimum lots required are calculated based on the IPO price band.<\/li>\n\n\n\n<li>Example: If one lot costs 15,000 rupees, an NII must apply for at least 14 lots or more to cross the 2 lakh limit.<\/li>\n\n\n\n<li>Final allotment depends on subscription levels, so the received shares may be lower than applied quantity.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"why-do-hni-investors-prefer-the-nii-category\"><strong>Why Do HNI Investors Prefer the NII Category?<\/strong><\/h2>\n\n\n\n<p>HNI investors prefer the NII category because it offers better allotment chances and more flexibility compared to the retail segment. Since allotment happens on a proportionate basis, larger applications stand a stronger chance of receiving shares even in highly subscribed IPOs.<\/p>\n\n\n\n<p><strong>Key reasons why HNIs favour the NII category:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Proportionate allotment system:<\/strong> Allotment is based on the size of the application, not lottery, giving serious bidders more certainty.<\/li>\n\n\n\n<li><strong>Higher investment flexibility:<\/strong> HNIs can apply with any higher amount depending on their strategy or funding availability.<\/li>\n\n\n\n<li><strong>Leverage and IPO funding options:<\/strong> Banks and <a href=\"https:\/\/www.investopedia.com\/terms\/n\/nbfcs.asp\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.investopedia.com\/terms\/n\/nbfcs.asp\" rel=\"noreferrer noopener\">NBFCs<\/a> offer funding support to HNIs, making it easier to place larger bids.<\/li>\n\n\n\n<li><strong>Better chances in oversubscribed IPOs:<\/strong> When retail gets heavily oversubscribed, NII applicants still get proportionate allocations.<\/li>\n\n\n\n<li><strong>Strong listing gain opportunities:<\/strong> Many HNIs target short-term gains, and NII participation helps them take part in high-demand IPOs.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"updated-sebi-rules-for-non-institutional-investors-2025-26\"><strong>Updated SEBI Rules for Non Institutional Investors (2025\u201326)<\/strong><\/h2>\n\n\n\n<p>SEBI has introduced several rules to bring more transparency and fairness in the NII category. These updates help maintain a balanced structure and ensure that both small and big NIIs get equal opportunity during bidding and allotment.<\/p>\n\n\n\n<p><strong>Important SEBI updates for NIIs:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Category split continues:<\/strong> NIIs remain divided into S-NII (below 10 lakh rupees) and B-NII (above 10 lakh rupees).<\/li>\n\n\n\n<li><strong>Proportionate allotment for both sub-categories:<\/strong> All applicants receive shares based on application size within their respective sub-category.<\/li>\n\n\n\n<li><strong>Mandatory ASBA for all NII bids:<\/strong> Applications must be done through bank ASBA; blocked funds cannot be withdrawn during the bidding period.<\/li>\n\n\n\n<li><strong>UPI limit remains applicable:<\/strong> NIIs using UPI through brokers or platforms must follow updated UPI limit rules set by NPCI.<\/li>\n\n\n\n<li><strong>Greater transparency in bidding:<\/strong> Exchanges now display clearer NII subscription data separately for S-NII and B-NII.<\/li>\n\n\n\n<li><strong>Funding norms under monitoring:<\/strong> IPO financing by NBFCs and banks is under stricter oversight to avoid misuse or excessive leverage.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"allocation-procedure-for-b-nii-big-nii\"><strong>Allocation Procedure for bNII (Big NII)<\/strong><\/h2>\n\n\n\n<p>The bNII category includes investors who bid more than 10 lakh rupees in an IPO. This segment usually attracts large HNIs, corporates or investors using funding. SEBI follows a structured method to ensure fair distribution of shares within this group.<\/p>\n\n\n\n<p><strong>How bNII allocation works:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The bNII segment receives a fixed share of the overall NII quota.<\/li>\n\n\n\n<li>Allotment is done on a proportionate basis, depending on the size of each application.<\/li>\n\n\n\n<li>Bigger bids receive a higher share because allocation is linked directly to the value of the application.<\/li>\n\n\n\n<li>If the bNII portion is oversubscribed, the allotment reduces proportionally across all applicants.<\/li>\n\n\n\n<li>Exchanges publish separate subscription numbers for bNII to maintain transparency during the bidding days.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"how-to-apply-in-ipo-as-an-nii-investor-easy-steps\"><strong>How to Apply in IPO as an NII Investor \u2013 Easy Steps<\/strong><\/h2>\n\n\n\n<p>Applying as an NII investor is simple and requires a few basic steps. The main point is that the application amount must be above 2 lakh rupees and must be submitted through ASBA or a supported UPI route.<\/p>\n\n\n\n<p><strong>Easy steps to apply as an NII:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Open a demat account with a registered stockbroker:<\/strong> You can open or use your <a href=\"https:\/\/bit.ly\/lisl_blogs\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/bit.ly\/lisl_blogs\" rel=\"noreferrer noopener\">demat account<\/a> through Lakshmishree to apply smoothly.<\/li>\n\n\n\n<li><strong>Log in to your bank\u2019s ASBA service:<\/strong> Select the IPO you want to apply for and choose the NII category.<\/li>\n\n\n\n<li><strong>Enter the bid amount above 2 lakh rupees:<\/strong> Make sure your application value crosses the NII threshold.<\/li>\n\n\n\n<li><strong>Select the number of lots and confirm the price:<\/strong> Choose cut-off or enter a specific price within the IPO\u2019s price band.<\/li>\n\n\n\n<li><strong>Block the funds through ASBA:<\/strong> Once the application is submitted, the bank will block the required amount until allotment.<\/li>\n\n\n\n<li><strong>Check the subscription status:<\/strong> Track NII and bNII subscription numbers during the bidding period to stay updated.<\/li>\n\n\n\n<li><strong>Wait for allotment and listing:<\/strong> If shares are allotted, they will appear in your <a href=\"https:\/\/bit.ly\/lisl_blogs\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/bit.ly\/lisl_blogs\" rel=\"noreferrer noopener\">Lakshmishree demat account<\/a> before listing day.<\/li>\n<\/ol>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/bit.ly\/lisl_blogs\" target=\"_blank\" rel=\" noreferrer noopener\"><img decoding=\"async\" width=\"909\" height=\"280\" src=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2025\/02\/Blog-in-article-banners-26.jpg\" alt=\"Start Investing - LISPL Investment\" class=\"wp-image-11711\" style=\"width:633px;height:auto\" srcset=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2025\/02\/Blog-in-article-banners-26.jpg 909w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2025\/02\/Blog-in-article-banners-26-752x232.jpg 752w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2025\/02\/Blog-in-article-banners-26-768x237.jpg 768w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2025\/02\/Blog-in-article-banners-26-150x46.jpg 150w\" sizes=\"(max-width: 909px) 100vw, 909px\" \/><\/a><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"common-mistakes-nii-investors-make\"><strong>Common Mistakes NII Investors Make<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Applying only based on GMP without checking company financials or risks.<\/li>\n\n\n\n<li>Using excessive IPO funding without understanding interest cost and repayment timelines.<\/li>\n\n\n\n<li>Miscalculating allotment chances by comparing NII and retail systems, which work differently.<\/li>\n\n\n\n<li>Applying at the lower price instead of cut-off, which reduces allotment probability.<\/li>\n\n\n\n<li>Ignoring the difference between S-NII and bNII and applying in the wrong segment.<\/li>\n\n\n\n<li>Not checking subscription trends during the bidding window, leading to wrong timing of bids.<\/li>\n\n\n\n<li>Overlooking ASBA fund requirements and facing application rejection due to insufficient balance.<\/li>\n\n\n\n<li>Following hype on social media without verifying details from exchanges or <a href=\"https:\/\/lakshmishree.com\/blog\/drhp-full-form\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/drhp-full-form\/\" rel=\"noreferrer noopener\">DRHP<\/a>.<br><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"is-nii-category-good-for-listing-gains\"><strong>Is NII Category Good for Listing Gains?<\/strong><\/h2>\n\n\n\n<p>The NII category can be beneficial for listing gains, especially when the IPO shows strong demand from both NII and QIB segments. High-quality companies with solid financials and strong subscription across categories often list at a premium. However, returns depend on overall market conditions, valuation, and investor sentiment, so high NII subscription alone cannot guarantee listing gains.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"conclusion\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>Understanding non institutional investors and the NII category helps investors follow IPO activity more confidently. This segment plays a major role in showing the demand for an issue and often indicates how strong the market interest is. With clear rules, proportionate allotment and defined sub-categories like S-NII and bNII, the structure is now easier to track. When investors know how NIIs work and how their participation shapes an IPO, it becomes simpler to take informed decisions. The NII category remains important for understanding subscription trends and overall market sentiment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"fa-qs\"><strong>Frequently Asked Questions<\/strong><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<ol class=\"rank-math-list \">\n<li id=\"faq-question-1763031388512\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>What is the meaning of NII in an IPO<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>NII refers to Non Institutional Investors who apply for more than 2 lakh rupees in an IPO. They get a separate quota and follow the proportionate allotment system.<\/p>\n\n<\/div>\n<\/li>\n<li id=\"faq-question-1763031399949\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>Who comes under the NII category<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>HNIs, corporates, NBFCs, partnership firms and registered trusts fall under the NII category as long as their application value crosses the 2 lakh rupees limit.<\/p>\n\n<\/div>\n<\/li>\n<li id=\"faq-question-1763031404599\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>What is the difference between NII and retail investors<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Retail investors apply up to 2 lakh rupees while NIIs apply above that amount. Retail allotment is done by lottery whereas NII allotment is proportionate.<\/p>\n\n<\/div>\n<\/li>\n<li id=\"faq-question-1763031414275\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>What is the role of bNII in IPOs<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>bNII includes large bidders placing applications above 10 lakh rupees. This segment often shows strong demand and plays a major role in overall NII subscription.<\/p>\n\n<\/div>\n<\/li>\n<li id=\"faq-question-1763031419780\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><strong>How does NII participation affect IPO listing<\/strong><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Strong NII subscription shows higher confidence from bigger investors and often supports positive listing sentiment. However, the final listing also depends on valuation and market conditions.<\/p>\n\n<\/div>\n<\/li>\n<\/ol>\n<\/div>\n\n\n<pre class=\"wp-block-code\"><code><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">Disclaimer: This article is intended for educational purposes only. Please note that the data related to the mentioned companies may change over time. The securities referenced are provided as examples and should not be considered as recommendations.<\/mark><\/code><\/pre>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whenever a fresh IPO hits the Indian market, the subscription numbers from non institutional investors often jump sharply within a few hours. This sudden demand usually signals strong interest from high-value investors, and many people track it to understand how the IPO may perform on listing day. NIIs play an important role because they invest [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":13266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[269],"tags":[687],"class_list":["post-13261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-basics","tag-non-institutional-investors"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/13261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=13261"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/13261\/revisions"}],"predecessor-version":[{"id":14552,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/13261\/revisions\/14552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/13266"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=13261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=13261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=13261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}