Table of Contents
Can I invest in HNI category in IPO?
HNIs cannot invest less than Rs 2 lakh in an IPO. They are not eligible for any discounts offered by the company. An HNI should receive at least one share lot in oversubscription of IPO.
What is the difference between retail and HNI in IPO?
Retail are those submitting bids of less than Rs 2 lakh, have 35 per cent reservations (15 per cent in case the IPO is by a company that doesn’t meet the profitability track record). While NII or more commonly referred to as HNIs have the remaining 15 per cent reservation.
What is investor category in ASBA?
Procedure to apply for an IPO via ASBA: Whenever a company is raising money through an Initial Public Offer(IPO), three categories of investors bid for it namely Retail Individual Investors (RIIs), Qualified Institutional Bidders (QIBs) and Non-Institutional Investors (NIIs)/ High Networth Individuals (HNIs).
What is RII investor?
RII – Retail Individual Investor This category includes: Resident Indian individuals, non-resident Indians (NRIs), and Hindu Undivided Families (HUFs) The maximum amount of investment is Rs. 2 lakh. A minimum of 35\% of the IPO is reserved for the RII category.
What is HNI portion in IPO?
High Networth Individual (HNI): If retail investor applies more than Rs 2,00,000 /- of shares in an IPO, they are considered as HNI.
What is Qib HNI and RII in IPO?
The categorisation was introduced by SEBI. RII is the short form for retail individual investor. NII is the abbreviation for non institutional investor. QIB is the acronym for qualified institutional bidder.
Who can apply for RII category in IPO?
Retail Individual Investor (RII) Resident Indian Individuals, NRIs and HUFs who apply for less than Rs 2 lakhs in an IPO under RII category. Not less than 35\% of the Offer is reserved for RII category. NRI or HUF who appling in an IPO with less than Rs 2,00,000 can apply in RII category.
Who can apply for NII category in IPO?
Resident Indian individuals, Eligible NRIs, HUFs, companies, corporate bodies, scientific institutions, societies and trusts who apply for than Rs 2 lakhs of IPO shares falls under NII category. NII need not to register with SEBI. Not less than 15\% of the Offer is reserved for NII category.
What is non-institutional bidders (Nii) category?
Non-institutional bidders (NII) Resident Indian individuals, Eligible NRIs, HUFs, companies, corporate bodies, scientific institutions, societies and trusts who apply for than Rs 2 lakhs of IPO shares falls under NII category. NII need not to register with SEBI. Not less than 15\% of the Offer is reserved for NII category.
How to maximize your IPO allotment amount?
To maximize the allotment, apply though multiple accounts on your family members name. Resident Indian individuals, Eligible NRIs, HUFs, companies, corporate bodies, scientific institutions, societies and trusts who apply for than Rs 2 lakhs of IPO shares falls under NII category. NII need not to register with SEBI.