How to Apply for IPO in HNI Category- ICICI Direct (2024)

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How to Apply for IPO in HNI Category- ICICI Direct (2024)

FAQs

How to Apply for IPO in HNI Category- ICICI Direct? ›

Log in to your internet banking account using user name and password. Check out for the IPO tab, and find "IPO Application" button. This will redirect you to the online IPO application system where , you can select the HNI category. Once you are inside, you can go ahead and bid for the lots presented.

How to apply big HNI IPO in ICICI Direct? ›

Log in to your internet banking account using user name and password. Check out for the IPO tab, and find "IPO Application" button. This will redirect you to the online IPO application system where , you can select the HNI category. Once you are inside, you can go ahead and bid for the lots presented.

How to apply IPO under HNI category? ›

Process of Applying IPO in the HNI Category
  1. You must first sign into your net banking portal as an HNI investor.
  2. Select "IPO Application" from the IPO tab.
  3. You will be able to access the IPO application system online.
  4. Here, you have to choose the HNI category.

How is allotment done in HNI category? ›

Under the HNI category, the share allotment process can be done either through the lottery system or proportionate basis depending on the oversubscription of the IPO. This means, that if you have applied for more lots than the issue oversubscribed, the shares are allocated proportionately.

How to fill IPO from ICICI net banking? ›

Step 1: Login to Internet Banking and select the option for Investment & Insurance. Step 2: Click on Invest Online. Step 3: Click on Invest in IPO under Online IPO option. Step 4: Submit the request.

What are the chances of getting IPO in HNI category? ›

Thus for getting allotment of more than 1 lot, you have to apply in HNI Category. But, usually this category is oversubscribed by 100 to 300 times. So, one should have to bid high number of lots to get minimum 2 lot alloted and thereby Interest cost of the blocked amount needs to be considered.

What is the maximum amount HNI can apply for IPO? ›

IPO applications of ₹2 lakh to ₹5 lakh are considered under the HNI category. Applications up to ₹5 lakh can be placed using UPI. For any amount above ₹5 lakh, use ASBA. See What is ASBA?

How many lots to apply in HNI category? ›

An HNI should receive at least one share lot in oversubscription of IPO. An HNI won't receive any allocations if it isn't oversubscribed. You cannot apply for both the RII and HNI categories. Until the allotment of shares, there will be no debit from your bank account.

How to increase IPO allotment chances? ›

IPO Allotment Tips:
  1. Apply Single Lot. ...
  2. Utilize Multiple Demat Accounts. ...
  3. Pick Cut-off cost during the IPO Application. ...
  4. It would help if you Avoided the Last Moment Rush. ...
  5. Staying away from Technical Rejections. ...
  6. Purchase Parent Company Shares.
Dec 19, 2023

Can I apply IPO in two categories? ›

No, you cannot apply for both Retail and HNI categories for an IPO. The PAN number used in the application should be unique in an IPO. If you make two applications using the same PAN number, both applications will be rejected.

Is allotment guaranteed in HNI category? ›

Additional Information for HNI in IPOs

In an oversubscribed IPO, a HNI receives: Guaranteed one lot if the bid size is equal to or greater than oversubscriptions in the same (NII) category. The minimum lot and a proportion of the remaining shares according to bid size, in case of small oversubscription.

Is there any lockin period for HNI IPO? ›

IPO Shares Allotment under HNI Category

The allocated shares are credited to the Demat account within six days from the IPO offer closing day, and there is no lock-in period for the High Net Worth Individual investors (H.N.I) category. Investors can sell shares on the day of the stock listing itself.

How do I get a successful IPO allotment? ›

How To Get Allotment In IPO
  1. 18 January, 2024. ...
  2. Methods to increase chances of IPO allotment. ...
  3. If you're wondering how to get an IPO allotted successfully, follow these strategies: ...
  4. Make multiple submissions using different Demat Accounts. ...
  5. Opt for a cut-off price or higher price band bidding. ...
  6. Timely IPO subscription matters.
Jan 18, 2024

How to apply IPO from ICICIdirect app? ›

Yes, the facility to apply for IPOs is available on the app. Path: Menu > IPO > Click on desired stock > Apply > Accept the Disclaimer > Fill in the specifics > Swipe to Place Order.

How can I approve IPO in Icici bank? ›

How to accept the IPO mandate on ICICI iMobile?
  1. Log in to the iMobile application.
  2. Tap on Scan to pay.
  3. Tap on UPI mandates and then on the request received from the drop-down menu.
  4. Tap on Proceed and then Confirm.
  5. Accept the mandate request by entering the UPI PIN.

How to fill out an IPO application form? ›

Steps to fill an IPO application form:
  1. Check/fill the personal information: Name and contact details of the bidder. Telephone number. Address. ...
  2. Fill bidding details: Investor Category (RII, NII or QIB) Quantity of Shares. (as per lot size) ...
  3. Check/fill bidding details. Amount Blocked. ASBA Bank A/c No. Bank Name & Branch.

How do I apply for a big IPO? ›

Steps to fill an IPO application form:
  1. Check/fill the personal information: Name and contact details of the bidder. Telephone number. Address. ...
  2. Fill bidding details: Investor Category (RII, NII or QIB) Quantity of Shares. (as per lot size) ...
  3. Check/fill bidding details. Amount Blocked. ASBA Bank A/c No. Bank Name & Branch.

How to apply IPO from ICICI Direct App? ›

Yes, the facility to apply for IPOs is available on the app. Path: Menu > IPO > Click on desired stock > Apply > Accept the Disclaimer > Fill in the specifics > Swipe to Place Order.

How big are HNI allotment rules? ›

In each public issue, 15% of the total shares are reserved for the NII category, with one-third or 5% reserved for small HNIs and two-thirds or 10% for large HNIs. Prior to September 22, IPO allotment in the HNI category was done on a pro-rata or proportional basis.

How to buy SME IPO through ICICIDirect? ›

How to apply for IPO in ICICIDirect?
  1. Login to ICICIdirect.com.
  2. Go to 'Trade & Invest' >> 'IPO'. ...
  3. Click 'Go' (in the last column) of the IPO you would like to apply for.
  4. Fill the quantity and price and click 'Submit'.
  5. Confirm the application by accepting the terms & conditions.

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