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What is the basis of allotment on the HNI category for an Individual?

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The basis of allotment in the HNI (NII) category is as below:

  • Proportionate if the number of applied lots is higher than the NII oversubscription.
  • Lottery for 1 lot if applied lots are less than the NII oversubscription.

Example 1:

  • If you have applied for 400 lots and the issue is oversubscribed 400 times, you will get confirmed 1 lot.
  • If you have applied for 200 lots and the issue is oversubscribed 400 times there will be a lottery system and you stand a 50% chance to get 1 lot.
  • If you have applied for 600 lots and the issue is oversubscribed 400 times you will get 1.5 lots confirmed.

Example 2:

If the NII subscription is 40 times,

  • You should have applied for at least 40 lots to get a guaranteed single lot allotted.
  • If you apply for 39 lots then you may or may not get one lot (drawn by lottery).
  • If you apply for 45 lots then you get 1 lot plus some 3 or 4 shares.
  • If you applied for 200 lots then you will get 5 lots.


1 Comments

1. Sumukh Andela  Nov 27, 2021 4:41:32 PM I Like It. | Report Abuse Reply
We will get only 1lot or more if we apply more than nii categories