IPO payment query

[ShubhS9]

@amarkumar2021

now my question is if i want to apply for any IPO more than 2 lakh rupees . how payment will be done in that case.

If you want to apply for IPO for a amount more than 2 lakhs, you’ll have to do so using the Netbanking ASBA service provided by your bank. You can read this post to know the process of applying for IPO through ASBA.

@amarkumar2021

what is the possibility of getting the IPO if my budget is above 2 Lakhs.

The application over 2 lakhs will be considered under NII (Non-Institutional Investor) category, where the allotment is done on proportionate basis. You can learn more on this here:

Applying IPO as an HNI

Allotment for HNI category is done on proportionate basis, compared to Retail Category where allotment is done randomly in case of over subscription chances of allotment are high in HNI category. You can read the point 7.6.1.1 here to know how the allotment on proportionate basis works.