Can a person apply in the NII and retail investor category in two separate bids?

asked Monday, November 19, 2018

No, one person cannot apply for more than 1 bid in an IPO. Also, whether you apply as NII or retail investor (RII) depends on your application amount. If you apply for more than Rs 2 lakhs in a bid then you qualify as NII. And if the bid amount is less than Rs 2 lakhs then you are a retail investor.

Applying many times with the same Demat number is not allowed. But, you can bid many times in an IPO in the name of your family members. Your family members must have their Demat and PAN numbers.

answered Monday, November 19, 2018

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