Table of Contents
What is the minimum investment for HNI in IPO?
Important info about HNI investment in IPO – The minimum investment amount in this category is INR 200,000. – You can apply as either via Retail (< 2 Lakhs – UPI flow) or HNI investor (Bank ASBA). You can’t apply in both of the categories. – Cancellation or modification is not allowed in HNI applications currently.
What is maximum limit to retail individual investor category for applying securities?
‘Retail individual investor’ means an investor who applies or bids for securities of or for a value of not more than Rs. 2,00,000. All applicants, other than QIBs or individuals applying for less than Rs. 2,00,000 are considered as NIIs.
What is kostak rate in IPO?
The Kostak rate is the amount where the individual pays for the IPO application before the IPO listing. One can buy and sell their full IPO application on Kostak rates outside the market and fix their profit. The Kostak rates apply in every condition you get the allotment.
What is the minimum amount to be considered as HNI in IPO?
So the minimum amount to be considered as a HNI is 2 lakhs in an IPO and the maximum amount is the maximum amount in the Non institutional investors in the IPO. HNI (High Net worth Individuals) are those who has investible wealth range of 25 lakhs-2 crores worth in India. The considerable minimum amount in HNI is 2 lakhs in an IPO.
What is the maximum amount of investment in an IPO?
The maximum amount of investment is Rs.2 lakh A minimum of 35\% of the IPO is reserved for the RII category Investors from this category can bid at the cut-off price Bids can be withdrawn until the day of the allotment
What is the difference between high net worth individuals (HNI) and RII?
Both High Net-worth Individuals (HNI) and Retail Individual Investors (RII) are individual people who apply for an IPO under two different reserved categories i.e. Retail and NII. The Retail Portion is reserved for individuals who apply for not more than Rs 200,000 in an IPO. The HNI’s are individuals who apply for more than Rs 200,000.
Investors can apply for shares in an IPO in 5 different categories:1. Retail Individual Investor (RII) In retail individual investor category, investors can not apply for more then Rs two lakh (Rs 2,00,000) in an IPO. Retail Individual investors have an allocation of 35\% of shares of the total issue size in Book Build IPO’s.