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How does NII application compare with Retail / RII and QIB applications?
Retail (RII) investors application amount is lower (up to Rs 2 lakh in mainboard IPO and 2 lots in SME IPO) but come from many more investors.
QIB are large institutional investors who bid for significant big application so the investment amount per application is high; some IPOs may have even higher QIB demand than NII.
