Clarification wanted relating to IPOs on Zerodha

So what i perceive is – In Mainboard IPO, we’re not allowed to use underneath HNI class (over 2 lacs)

I acquired the message saying – go to Financial institution ASBA and apply

However for SME IPO, i may apply a number of heaps (upto 4 lacs INR)

So I’m allowed to use as NII in SME IPOs however not Mainboard IPOs. Any motive why?

Hello @Newbie420

Purposes as much as ₹5 lakh could be positioned utilizing UPI regardless of whether or not it’s a mainboard or SME IPO.

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Can an IPO be utilized for within the HNI class?

Can an IPO be utilized for within the HNI class?

are you able to please share additional particulars in regards to the message you acquired?

I assume i misinterpret this error message

I’ll strive subsequent time, it ought to work then, I’ve to pick out bid value manually.

Yeah. The cut-off value can’t be chosen for HNI purposes, i.e., bids above ₹2,00,000.

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What does cut-off value imply?

What does cut-off value imply?

I keep in mind submitting SME IPO for two heaps which is greater than 2 lacs

There i may choose the minimize off value

So this implies for SME IPO, HNI can bid at minimize off value?

I keep in mind submitting SME IPO for two heaps which is greater than 2 lacs

There i may choose the minimize off value

So this implies for SME IPO, HNI can bid at minimize off value?

Minimize-off value choice isn’t out there for SME IPOs.

@ShubhS9 @Meher_Smaran @nithin Wished to verify that if I apply for an quantity above 10 lakh in an IPO, I’m mechanically an enormous HNI?