Can an IPO be applied for in the HNI category?

Can an IPO be applied for in the HNI category?

·        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 IPO window for HNI clients closes at 4 PM on the last day of bidding.

The HNI category allows eligible investors to apply for larger quantities of shares in an IPO, subject to certain investment thresholds and eligibility criteria.


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