Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

What does high NII application means?

High NII applications means that a particular IPO has received the large number of bids under the Non-Institutional Investors (NII) category compared to other IPOs. It reflects strong participation from HNIs, corporates, NRIs, trusts, and other eligible investors who apply above ₹2 lakh in mainboard IPOs or for a minimum of 3 lots in SME IPOs.

What does high NII application means?