HNI(HIgh Networth Individuals) are type of Investors who buy a prticular share at the time of IPO of amount more than Rs .....

2019

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

HNI(HIgh Networth Individuals) are type of Investors who buy a prticular share at the time of IPO of amount more than Rs ____

A	100000
B	200000
C	300000
D	400000

Explanation:

Detailed explanation-1: -HNIs or high net-worth individuals (HNIs) belong to the financial services sector where a class of individuals has an investible surplus of more than Rs 5 crore, below this threshold.

Detailed explanation-2: -HNI stands for High Networth Individuals. This is a separate category specified in IPO investment under the Non-Institutional Investors(NII) section. This section also includes NRIs, HUFs, FPIs, Trusts and Companies. HNI IPO application is a part of the NII portion of the IPO allotment.

Detailed explanation-3: -IPO allotment is done on a lottery or proportionate basis depending on the status of oversubscription in the segment. The shares will get allotted within six working days from the offer closing day. There is no lock-in period for the HNI category like QIB.

There is 1 question to complete.