hni allotment process

78°
Post Mogul
sushil.parad...

I needed to understand hni allotment process. Lets say I apply for an ipo with 14 lots and an ipo got oversubscribed by 42 times. Will my chances of getting allotment will be 1 out of 42 or 42/3 which comes to 1 out of 3?

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
13 Comments  |  
7 Dimers
  • Sort By
Benevolent Benevolent
Link Copied

random, luck, or total misuse of power

Deal Cadet Deal Cadet
Link Copied

1:42. If the IPO is oversubscribed in the sNII/sHNI sub-category (>1x), the allotment to each investor shall not be less than the minimum application size (~Rs 2 lakhs), subject to availability of equity shares in the sNII portion. In this case, a lottery will be conducted. This is similar to the allocation in the Retail category.

Post Emperor Post Emperor
Link Copied

In recent IPO....rocking deal SMe , Tata Tech , Flair , gandhar , Ireda .... For rockign deal I have bought single lot, and rest 3lots of  each stocks.... But sadly , randomly or luckily no allotment in any of them.... ...

Although each one have placed/listed good...

And traders have good amount of listing gain ....

But I....cursed my fate.....

Deal Cadet Deal Cadet
Link Copied

There is no point of 3 lot as the BoA will be same throughout the retail category in case of oversubscription. So, 3 lot or 1 lot both will have similar chance of allotment of 1 lot only.

View 8 more replies
Critic Critic
Link Copied

Do BHNI have higher share as compared to SHNI? Generally 15% is HNI quota & I have seen 10% for bHNI & 5% for SHNI in some sites - is this the general norm?

replyuser
Click here to reply
Reply