What is the difference between RII, NII, QIB and Anchor Investor ?

What is the difference between RII, NII, QIB and Anchor Investor ?

Investors can apply for shares in one of the following categories:

Retail Individual Investor (RII)
-Resident Indian Individuals, NRIs and HUFs who apply for less than Rs 2 lakhs in an IPO under RII category.
-Not less than 35% of the Offer is reserved for RII category.
-NRI or HUF who appling in an IPO with less than Rs 2,00,000 can apply in RII category.
-RII category allows bid at cut-off price.

Non-institutional bidders (NII)
-Resident Indian individuals, Eligible NRIs, HUFs, companies, corporate bodies, scientific institutions, societies and trusts who apply for than Rs 2 lakhs of IPO shares falls under NII category.
-NII need not to register with SEBI.
-Not less than 15% of the Offer is reserved for NII category.
-High Net-worth Individual (HNI) who applies for over Rs 2 Lakhs in an IPO falls under this category.

Qualified Institutional Bidders (QIB's)
-Public financial institutions, commercial banks, mutual funds and Foreign Portfolio Investors ect can apply in QIB category. SEBI registration is required for institutions to apply under this category.
-50% of the Offer Size is reserved for QIB's

Anchor Investor
-An anchor investor in a public issue refers to a qualified institutional buyer (QIB) making an application for a value of Rs 10 crores or more through the book-building process. An anchor investor can attract investors to public offers before they hit the market to boost their confidence.
-Up to 60% of the QIB Category can be allocated to Anchor Investors;
-Anchor Investor Offer Price is decided separately.
-Anchor investor's has different Anchor Investor Bid/Offer Period.

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