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Gem Aromatics Ltd. IPO Details

IPO Investor Categories

• Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are usually large and knowledgeable investors like mutual funds, insurance companies, pension funds, and hedge funds. These investors have the skills & resources to assess investment opportunities effectively. To participate in an Initial Public Offering IPO, QIBs must meet specific financial criteria set by the Securities and Exchange Board of India (SEBI). Unlike retail investors, QIBs can bid for shares at a lower price than what is offered to the general public.

• Non-Institutional Investors (NII) - are usually individual investors, High Net Worth Individuals (HNIs), or companies that don’t qualify as Qualified Institutional Buyers (QIBs). They can take part in an Initial Public Offering IPO at the same price as retail investors.

NII category has two subcategories:

1. sNII - "sNII" stands for "Small Non-Institutional Investor." This group includes investors who bid for shares worth between ₹2 lakhs and Rs. 10 lakhs in an IPO.

2. bNII - "bNII" stands for "Big Non-Institutional Investor." This group includes investors who bid for shares worth more than ₹10 lakhs in an IPO.

• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to ₹2 lakhs in an IPO. This category is designed to encourage everyday people to invest in the IPO.

• Employee (EMP)- The Employee (EMP) category in an IPO is set aside for employees, directors, and business partners of the company issuing the shares. The number of shares available in this category is decided by the company and the lead manager of the IPO.

• Others- A category of eligible investors who have a set number of shares reserved for them in the IPO.