Your browser will redirect to your requested content shortly. Please forward this error screen to 67. Resident Indian Individuals, NRIs and HUFs how can a foreign individual investor invest in indian apply for less than Rs 2 lakhs in an IPO falls under RII category. Offer is reserved for RII category.
NRI’s or HUG’s who apply with less than Rs 2,00,000 can apply in RII category. The allotment to each investor shall not be less than the minimum Bid Lot, subject to availability of Equity Shares in the Retail Portion. For example if the IPO subscribed 2 times in retail 1 out of 2 applicant will get 1 lot irrespective to how many shares they applied for. Retail and non-institutional bidders a re permitted to withdraw their bids until the day of allotment. If IPO oversubscribe, apply only 1 lot per IPO application. 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. Offer is reserved for NII category. Rs 2 Lakhs in an IPO falls under this category. For example, if IPO is subscribed 100 times in NII category, investors who applied for 100 shares will get 1 share. NII quota get very high over-subscription as its size is small and many individual investors take IPO Funding to apply in this category.
Many of these investors apply for 100’s of crore rupees worth of shares under this category. Non-institutional bidders are permitted to withdraw their bids until the day of allotment. Public financial institutions, commercial banks, mutual funds and Foreign Portfolio Investors ect can apply in QIB category. SEBI registration is required for institutions to apply under this category. QIBs are mostly representatives of small investors who invest through mutual funds, ULIP schemes of insurance companies and pension schemes.
QIB’s are prohibited by SEBI guidelines to withdraw their bids after the close of the IPOs. Rs 10 crore or more through the book-building process. An anchor investor can attract investors to public offers before they hit the market to boost their confidence. Anchor Investor Offer Price is decided separately. The minimum application size for each anchor investor should be Rs 10 crore. No merchant banker, promoter or their relatives can apply for shares under the anchor investor category. In offers of size less than Rs 250 crore, there can be a maximum of 15 anchor investors, but in those over Rs 250 crore, SEBI recently removed the cap on number of anchor investors.
As i know Retail can apply max of Rs 200000 but in my case applying 2 lots of 2000 Shares i. Is it will be a valid application ? If not does i need to apply for 1 lot of 2000 Shares only ? How different is QIB from anchor investor? NII quota, or is there certain eligibility? What are the pros and cons of applying in NII quota?
Are there more chances of allotment? Ans-1 No RII can apply as HNI. Ans-2 NII didn`t get any discount in case promotors are giving the discount to RII. But the pros is that you can apply for more than 2 lakh amount.
Why shud they allow others to earn? If they are not going to give listing gains, then they allot to general public. So it”s better to invest as a NII. How much possibility of allotment for IPO in HNI against RII?
What is the best option to getting the chance for allotment especially while more subscribed? HUDCO issued 204,058,747 shares in IPO. 9 crores shares bought for delivery. 1 crores shares bought for delivery. HNI Allotment is absorbed on listing day ? Can HIN, NII, QIB ”s are eligible for INTRADAY trade ? Can one person apply ipo in retail category as well as NII category at same time.