Who is a Qualified Institutional Bidders (QIB)?

Any institutional investor who has the capital and possesses financial expertise to evaluate and invest in the capital markets can be termed a QIB.  

Under clause 2.2.2B (v) of the DIP Guidelines, a QIB is: 
  • Public financial institutions as defined in section 4A of the Companies Act, 1956
  • Scheduled commercial banks
  • Mutual funds
  • Foreign institutional investors registered with SEBI
  • Multilateral and bilateral development financial institutions
  • Venture capital funds registered with SEBI
  • Foreign venture capital investors registered with SEBI
  • State Industrial Development Corporations
  • Insurance Companies registered with the Insurance Regulatory and Development Authority (IRDA).
  • Provident funds with a minimum corpus of Rs. 25 crores
  • Pension funds with a minimum corpus of Rs. 25 crores

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