03 September 2009
Could any 1 elaborately tell me the difference between the qualified institutional investors(QII) and foreign institutional investors (FII) and is it that anyone including a domestic company can be a QII ?
03 September 2009
Qualified Institutional Bidders (QIB's)
Financial Institutions, Banks, FII's and Mutual Funds who are registered with SEBI are called QIB's. They usually apply in very high quantities. QIBs are mostly representatives of small investors who invest through mutual funds, ULIP schemes of insurance companies and pension schemes.
QIB's have an allocation of 50% of shares of the total issue size in Book Build IPO's.
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