Short answer

The IPO window for HNI clients is subject to change and currently closes at 4 PM on the last day of bidding. Bids collected after 3 pm are submitted to the stock exchange on a best-effort basis.

You can apply for IPOs in the High Net Worth Individual (HNI) category when your application amount is ₹2 lakh or above. You don’t need to select a separate HNI option as the system automatically categorises your application based on the amount.

Things to keep in mind

You cannot select the Cutoff price option for bids above ₹2 lakh and must enter the bid price manually.

SEBI IPO regulations prevent you from deleting or reducing the size of HNI category applications. You can only modify your application to increase the amount. For example, you can modify an application from ₹3 lakh to ₹4 lakh, but you cannot reduce it from ₹3 lakh to ₹2.5 lakh.