So what i understand is - In Mainboard IPO, we are not allowed to apply under HNI category (over 2 lacs)
I got the message saying - go to Bank ASBA and apply
But for SME IPO, i could apply multiple lots (upto 4 lacs INR)
So I am allowed to apply as NII in SME IPOs but not Mainboard IPOs. Any reason why?
Applications up to ₹5 lakh can be placed using UPI irrespective of whether it is a mainboard or SME IPO.
can you please share further details about the message you received?
I guess i misread this error message
I will try next time, it should work then, I have to select bid price manually.
Yeah. The cut-off price cannot be selected for HNI applications, i.e., bids above ₹2,00,000.
I remember submitting SME IPO for 2 lots which is more than 2 lacs
There i could select the cut off price
So this means for SME IPO, HNI can bid at cut off price?
Cut-off price option isn’t available for SME IPOs.