Here is a clear and polished rephrasing:
I have approximately ₹10 lakh available for an IPO application. Which category should I apply under, bHNI or sHNI, in an oversubscribed IPO to improve my chances of allotment?
Assume an IPO is oversubscribed with the following application multiples:
- bHNI: 10x
- sHNI: 12x
Q1. Does choosing between these two categories make any difference in this case?
Q2. Does either category offer a higher probability of allotment?