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How to Apply for IPO in HNI Category: Benefits & Procedure

Nowadays primary market is more active and back-to-back IPOs are coming giving a wonderful opportunity to investors to earn good returns in the shortest period with listing gains. However, all the shares of IPOs are not listed at the premium.

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How to Apply for IPO in HNI Category: Benefits & Procedure

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  1. Nowadays primary market is more active and back-to-back IPOs are coming giving a wonderful opportunity to investors to earn good returns in the shortest period with listing gains. However, all the shares of IPOs are not listed at the premium. Read More How to Apply for IPO in HNI Category: Benefits & Procedure www.moneysukh.com STOCKEQUITYIPOMUTUAL FUNDFUTURE & OPTION ETF SGB Event tracker   Market HuntDerivative reportsCommodity reportsMargin updatesMonthly Magazine Blogs

  2. What is HNI Category in IPO? HNI stands for High Net worth Individuals which is a separate category in IPO created under the Non-Institutional Investors(NII) section. And in the NIIs section other categories are also included like NRIs, HUFs, FPIs, Trusts and Companies. Read More www.moneysukh.com STOCKEQUITYIPOMUTUAL FUNDFUTURE & OPTION ETF SGB Event tracker   Market HuntDerivative reportsCommodity reportsMargin updatesMonthly Magazine Blogs

  3. Benefits of Applying IPO in the HNI Category One of the biggest advantages of applying for an IPO through the HNI category is that compared to the retail section, the chances of getting the allotment of shares are much higher under this category. Here you can apply for an IPO with an amount more than Rs. 2 lakh. Read More www.moneysukh.com STOCK EQUITYIPOMUTUAL FUNDFUTURE & OPTION ETF SGB Event tracker   Market HuntDerivative reportsCommodity reportsMargin updatesMonthly Magazine Blogs

  4. How is Allotment in the IPO HNI Category Done? Under the HNI category, the share allotment process can be done either through the lottery system or proportionate basis depending on the oversubscription of the IPO. This means, that if you have applied for more lots than the issue oversubscribed, the shares are allocated proportionately. Read More www.moneysukh.com STOCK EQUITYIPOMUTUAL FUNDFUTURE & OPTION ETF SGB Event tracker   Market HuntDerivative reportsCommodity reportsMargin updatesMonthly Magazine Blogs

  5. Process of Applying IPO in the HNI Category As there are no specific rules defined for applying in any IPO under the HNI category. Because when you apply or bid with an amount more than Rs 2 lacs, you will be automatically considered as an HNI investor. However, there are certain specific rules for applying IPO in the HNI category that are different from the retail category. Hence, before applying under the HNI category you must read the rules and regulations defined by the SEBI and stock exchanges. Read More www.moneysukh.com STOCKEQUITYIPOMUTUAL FUNDFUTURE & OPTION ETF SGB Event tracker   Market HuntDerivative reportsCommodity reportsMargin updatesMonthly Magazine Blogs

  6. Rules for Applying for IPO in HNI Category: • Individual investors can either apply in the retail investment category or the HNI category. You cannot apply in both categories. • Applying through the HNI category, the bidding and application submitting timing is up to 4 PM. • Under the HNI category you cannot delete or modify to decrease the application size. However, you can modify the application only to increase its size. • If you are applying through the HNI category you have to bid at a fixed price in the issue price range. As HNIs are not entitled to Bid at the Cut-off Price. • HNI bids are considered for allotment only when they are received at or above the Offer Price. • Unlike retail investors, HNIs cannot withdraw their bid, as they have to take the delivery of the shares once the shares have been allotted. • While applying for an IPO under the HNI category you cannot use the UPI method instead you have to use the net banking facility or physically submit the IPO application. Read More www.moneysukh.com STOCKEQUITYIPOMUTUAL FUNDFUTURE & OPTION ETF SGB Event tracker   Market HuntDerivative reportsCommodity reportsMargin updatesMonthly Magazine Blogs

  7. How to Apply IPO in HNI Category in Moneysukh? Applying the IPO under the HNI category is similar to retail investors, you just need to choose the HNI category instead of retail. But at the time of making payments, you can use the ASBA or Application Supporting the Blocked Amount through the bank’s net banking website and mobile application. However, to apply for the IPO in the HNI Category through Moneysukh, you can follow the steps given below. Steps of Apply IPO in the HNI Category: Step 1: Wait until the IPO of any company opens for online bidding. Step 2: Open the website https://trade.moneysukh.com/in your browser. Step 3: Now to log in you have to use your User ID & password. Step 4: Now go into the IPO section and select the name of the IPO you want to apply. Step 5: Here you have to select the HNI category before proceeding. Step 6: Now you can fill in other details like price, quantity, and so on. Step 7: Now make the full payment before submitting your IPO application. Read More www.moneysukh.com STOCK EQUITYIPOMUTUAL FUNDFUTURE & OPTION ETF SGB Event tracker   Market HuntDerivative reportsCommodity reportsMargin updatesMonthly Magazine Blogs

  8. Contact us: 96382-37000 Mansukh Securities and Finance Limited: SEBI Registration Number-INZ000164537 ( Members-NSE,BSE,MCX, ),IN-DP-72-2015 ( DP-NSDL, CDSL ) Mansukh Stock Brokers Limited : SEBI Registration Number- INZ000164937 ( Members -BSE ), IN-DP-36-2015 Mansukh Commodity Futures Private Limited : SEBI Registration Number-INZ000063032 ( Members- NCDEX ) Mansukh IFSC Broking Private Limited : SEBI Registration Number- INZ000099432 (Members- NSE IFSC, INDIA INX)Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances Investments in securities market are subject to market risks; read all the related documents carefully before investing. Thank You www.moneysukh.com STOCKEQUITYIPOMUTUAL FUNDFUTURE & OPTION 

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