According to this link by zerodha, it says that Cutoff option is not allowed for HNI mainboard application above 2 lakh and for SME ipo’s and one has to enter a price. However, when applying for IPO from kite, even if one enters an amount more than 2,00,000, the cut off check box does not get greyed out (it remains ticked unless one unchecks it). Does this mean that all those applications where one does not manually untick the check box will get rejected? Pls clarify.
Hi @ron94
As per the regulations, you can’t select the cut-off price for HNI orders (orders above 2lakh).
Even if you try placing an order it will show an error to unselect the same and then submit your order. So, it won’t affect the applications in any way.
Regarding greying out the field automatically, we will share this feedback and bounce this off to our team.
Thanks for clarifying this.