@an intern bhai,
It depends.
Retail gets 35% in mainboard as well as in sme. But, there 15k bid and here 1L+ bid, so presumably fewer applicants (also fewer, considering that SMEs are riskier).
HNI gets 15% there as well as in sme. But, there a 2L or 10L bid will suffice for entering the lottery. No incentive of bidding any higher amount there. Here, the greater the bid, generally greater the probability of allotment.
So, in a way, you are right, but depends on how high you can bid (if going for HNI).