How does allotment work in HNI category of ipo?

[Bhuvan]

@ron94

how does allotment work in HNI category of ipo? Is it different from allotment process of retail investors?

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Price discovery of IPO

I always under perception IPO issue/allotment price will be CUTOFF price. SBI Life Insurance have applied at Rs. 690 since price range is in between 685-700 and as of today this IPO is under subscribed i.e., below 1%. If IPO close with under subscribed, Do I get shares allotted at Rs. 690 ? Please clarify.