FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

How to Apply IPO in the Big HNI Category?

High Net-worth Individuals (HNIs) are those applicants who place an IPO bid above Rs. 200,000. The category is further classified into two; small HNI (SHNI) and Big HNI (BHNI). SHNI are those individuals whose bid amount ranges from Rs 2 lakh – Rs 10 Lakh while BHNI invests more than Rs 10 Lakh to subscribe to an IPO.

Now, the question is how to apply for an IPO under the BHNI category, the answer is pretty clear ASBA (Applications Supported by Blocked Amount) is the only option available to HNIs. HNIs cannot purchase IPO directly through any broker via the UPI method because the UPI payment gateway has a maximum transaction limit of Rs 2 lakh.

Check out the step-by-step method to buy an IPO in the Big HNI category via ASBA net banking;

  1. Log in to your bank’s net banking portal (ICICI, Axis, HDFC, SBI, etc.)
  2. Under the offerings, search for the IPO apply option.
  3. The page will display all the upcoming IPOs, you can apply for.
  4. Select the IPO of your choice and tap on the “Apply” button.
  5. Select the “HNI” category and enter IPO lot size (no. of shares). HNIs cannot bid at the cut-off price.
  6. Once the IPO application is submitted, the highest bid amount (at the upper price band) will be automatically blocked.
  7. On IPO allotment, if you get the allotment, the blocked amount will be debited from your bank account while in case of rejection, the amount will get unblocked.
Answered on

I Like It. 2

  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

User Reviews


More IPO Questions...

Request call back from Zerodha
  1. How to apply IPO in Employee Quota with Zerodha?
  2. How to apply for IPO in shareholder quota with Zerodha?
  3. Is IPO allotment done on first come, first serve basis?
  4. What is the difference between Right Issue and FPO?
  5. Does Zerodha provides both the NSE SME and BSE SME IPOs?
  6. How can I apply SME IPO for Minor?
  7. How to apply in SME IPO?
  8. What is third-party UPI application?
  9. Which category of investors, HNI or retail has a better chance of IPO allotment?
  10. Does HDFC bank ASBA accept Third party IPO applications?
  11. How to apply in SME IPO from Angel One?
  12. How to Apply IPO in the Big HNI Category?
  13. How to apply ASBA IPO using SBI YONO?
  14. Can I apply NSE SME IPO with Zerodha?
  15. Can I apply BSE SME IPO with Zerodha?
  16. How many IPO application I can apply with SBI ASBA?
  17. Which Bank allows multiple IPO applications via ASBA?
  18. Can I sell the IPO alloted shares from minor's demat account?
  19. Can I apply in IPO for myself and my child both?
  20. Can a minor invest in IPO?
  21. Which is the quickest way to know IPO allotment Status?
  22. Which Banks allow 5 ASBA IPO Applications?
  23. What is the Primary Market and the Secondary Market in terms of IPO investment?
  24. What is IPO Issue Price or Final Price?
  25. What is the cut-off price in IPO?
  26. What is the basis of allotment in the Retail Individual Investor (RII) category?
  27. What is an IPO lot size or bid lot?
  28. What is IPO price discovery?
  29. What is the IPO Floor Price and Cap Price?
  30. What is the difference between IPO Fixed Price Issue and Book Building Issue?
  31. What is the process followed in the Book Building Issue in IPO?
  32. What are the different types of Investor categories in IPO?
  33. What is the IPO price band?
  34. How to apply online IPOs with Zerodha?

List of all questions Ask your question