The minimum investment that an HNI category in an IPO can make is 2,00,000 rupees. The maximum is entirely dependent upon the IPO that the HNI might be applying.
The minimum and maximum amount can vary greatly depending upon the HNI category of IPO. HNI stands for a high net worth individual that bid for more than 2,00,000 rupees. These are retail investors, and the minimum is 2,00,000 rupees, and then they are categorized as HNI category of an IPO.
Especially in an IPO where HNI’s are at the forefront of making numerable bids in investing in an IPO, the maximum amount they can invest depends on the IPO itself. It can range to any amount given that there is no restriction. If there is, then the IPO would have that clause.
But then keep in mind that not everyone investing in an IPO are HNI’s. Trusts, companies NRIs are all considered to be non-institutional bidders. To better overview the HNI category, it’s a better deed to read the ins and outs of the maximum and minimum bid you can transact through the IPO. It’s a better deed to avoid any mishaps and ensure that you have a peaceful outcome in your investment desires.