IPO applications ranging from ₹2 lakh to ₹5 lakh are considered under
the HNI (High Net Worth Individual) category.
· Applications up to ₹5 lakh can be placed using UPI (Unified Payments
Interface).
· For amounts above ₹5 lakh, investors should use ASBA (Applications Supported
by Blocked Amount).
· There is no separate option for choosing the HNI category while applying for
an IPO. Any bid above ₹2 lakh is automatically considered under the HNI
category.
The HNI category allows eligible investors to apply for larger quantities of
shares in an IPO, subject to certain investment thresholds and eligibility
criteria.