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Investors who apply for more than Rs 2. lakhs in an IPO are called HNI (High Net Worth Individual).
Individuals and institutions applying for more than Rs 2 Lakh are eligible to be included in the NII category.
HNIs are classified under NII. NIIs are entitled to a 15% reserve allocation on shares. HNIs also get the same 15% share allocation.
Open a demat account through us and get the account opening charges waived off
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