In the case of highly popular Power Grid IPO, which came before the guidelines were amended, the FIIs contributed 71.3 per cent of the QIB category, 65 per cent of the QIB plus HNI categories and 62 per cent of the total subscription received.
In the subsequent large issues that came after the new guidelines took effect, the FII inflows as a percentage of QIB, and other categories has reduced. Consider this, the FII subscription as a percentage of QIB subscription was 61 per cent and 70 per cent in Religare and Mundra respectively as against 71.3 per cent in Power Grid. Similarly, if you put together the QIB and HNI categories, the ratio of FII subscriptions in Religare and Mundra were 51 per cent and 60 per cent as compared to Power Grid
