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To get a confirmed allotment in the HNI category, you need to apply for more lots than the final issue over-subscription figure. But the challenge is, to do this; you will have to guess how many times the IPO will oversubscribe in NII (HNI) Category.
The IPO allotment in the Non-Institutional Investors (NII) category for HNIs is done either on a proportionate basis or lottery system. The allotment process is based on the number of lots applied and over-subscription in the NII category.
Let's understand this using three scenarios. Assume an IPO oversubscribed 100 times.
Lots Applied |
Allotment |
20 |
by lottery |
80 |
by lottery |
100 |
1 lot |
350 |
3.5 lots |
1000 |
10 lots |
The HNI IPO allotment calculator can help you derive the number of shares/lots to be applied for, to get confirmed allotment based on the estimated oversubscription figure.
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