The IPO window for HNI clients is subject to change and currently closes at 4 PM on the last day of bidding. Bids collected after 3 PM are submitted to the stock exchange on a best-effort basis.
You can apply under the High Net Worth Individual (HNI) category when your application amount is ₹2 lakh or above. After selecting the IPO and clicking
Apply,
select
HNI
directly from the available categories.
For applications up to ₹5 lakh, you can use UPI to make the payment. For applications above ₹5 lakh, you must use
Application Supported by Blocked Amount (ASBA).
Things to keep in mind
- You cannot select the Cutoff price option for bids above ₹2 lakh and must enter the bid price manually.
- SEBI IPO regulations prevent you from deleting or reducing the size of HNI category applications. You can only modify your application to increase the amount. For example, you can modify an application from ₹3 lakh to ₹4 lakh, but you cannot reduce it from ₹3 lakh to ₹2.5 lakh.