Greetings Sir, Yes, HUFs can apply in IPO under NII investor category. Refer to https://www.chittorgarh.com/book-chapter/ipo-investors/7/ for more details on IPO investor categories, limits, rules, and lock-in details. Thank you.
got 5120 units @26.85 in 1.5 lac rupee application. & 5503 in 2.0 lac application. got balance refund in hdfc bank account. still status of two more application pending applying through IOB bank.