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What is the basis of allotment on the HNI category for an Individual? FAQs's Messages

1 Comments

1. MS

| Link|September 29, 2023 3:38:43 PMReply

I have tried HNI category several times now and recently I tried it for JSW Infra. The NII category was subscribed around 18/20 times while I had applied for 50+ times. Yet, I haven't received any allotment. This is my 5/6th try and so far I haven't got any allotment in the HNI category. Can some one advise what I might be doing wrong?

1.1. Ayush Sadani

| Link|December 15, 2023 3:45:59 PM

SEBI new rule impose NII allotment on lottery basis. sHNI will get allotment of lots of worth Rs. 2L (irrespective of application amount) and bHNI will get shares worth of Rs. 10L (rrespective of application amount). So technically lucky sHNI applcation will get shares worth of Rs. 2L (14 lots) and bHNI will get shares worth of Rs. 10L (66 lots).

1.2. Ghanshyam Dass

| Link|December 15, 2023 4:07:59 PM

The explanation provided here by the old method, as per new method, everything is by lottery in case of over subscription.
Also @ Ayush Sadani , bHNI will get shares worth Rs, 2L