@UjwalGSir
I think you missed this point
BLS International Shareholders Bidding in the BLS International Shareholders Reservation Portion above ₹ 200,000 can Bidin the Net Issue for up to ₹ 200,000 (net of the Shareholders Discount), otherwise such Bids shall be treated as multiple Bids
There is also a third possibility wherein a person can apply more than 2 lakhs in SH quota. In this case, a person is mandatorily required to apply only retail and cannot apply in HNI