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Splitting the funds into two HNI IPO applications in an IPO does increase the chance of getting 2 lots but it also increases the chance of getting 0 lots. You could choose this strategy if you like the higher chance of getting 1 lot rather than increased chances of getting 2 lots.
Below is a calculation posted by our IPO forum member IPOLogic to support the above view:
You don't split the money. So, individual oversubscription factor = 30/100 = 0.3 lot
i. chances of getting 0 lot: = (1 - 0.30) = 70 %
ii. chances of getting 1 lot: = 0.30 = 30%
iii chances of getting 2 lot: = 0%
iv chances of getting at least 1 lot = 1 - 70% = 30%
So, if you want some chance to have 2 lots, then it increases your chance of getting 0 lots.
Thus, it will decrease the chance of getting at least 1 lot too.
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