Everything You Need to Know About the LIC IPO

[ShubhS9]

@kapil2020

So For HNI it will be proportinate allotment ?

Yes.

@kapil2020

So , as IPO is oversubsribed ,to get sure shot allotment , I shoul apply for 15 lots with 949 price .

The chances of allotment in HNI category are high due to proportionate allotment. But not 100% guaranteed if the issue is oversubscribed. Please check out this post for a detailed explanation on the process:

Regarding HNI investment in IPO

As per the latest General Information Document (Page 37) issued by SEBI in March 2020, the method for allotment for HNIs (referred to as NIIs) in case of an over-subscribed offer is as follows - 7.5 BASIS OF ALLOTMENT FOR QIBs (OTHER THAN ANCHOR INVESTORS), NIIs AND RESERVED CATEGORY IN CASE OF OVER-SUBSCRIBED OFFER In the event of the Offer being over-subscribed, the Issuer may finalise the Basis of Allotment in consultation with the Designated Stock Exchange in accordance with the SEBI ICDR …