Reliance Nippon Life Asset Management Ltd IPO Message Board (Page 13)

Brother he applied in HNI category and validate.. The shares he received toally genuine.

3968340/209.4400=18947
So it is genuine

Does that Mean If I apply in NII category, I will get sure allotment? Or this category also gets alloted by Lottery? Applied 3, got 0 Allotment :(.

@Nishanth Jain, your bid amount should be in excess of Rs 2.0 Lakhs to consider you as NII/HNI. Any bid not in excess of Rs 2.0 lakhs will be treated as RII. RII allotments will be done on lottery basis if the issue is oversubscribed in RII category as per the SEBI norms.

Proportional allotment in NII Category..
You have to apply more than 200000 In NII category

I have applied for Multiple IPOs for more than 2L in HNI Category, and was alloted Zero Shares. So This is not correct.
As per My understanding and Experience HNI and RII are Lottery based, irrespective of you apply 2L or Under 2 L.

See below Application for Dixon:
Application No: N000000000326634

Company Name: DIXON TECHNOLOGIES INDIA LIMITED

Hold Account No: xxxx1805

Hold Amount Released: 211920

Beneficiary ID: 187mmm

DPID: IN300nnn

ClientID: 12130xxx

Bid No.       Quantity       Price       Amount (Rs.)
1       120       1766       211920

If its true then difference of buy and sell will not be more then Rs2