Can an IPO be applied for in the HNI category?

Yes. HNI is one of the investor categories you can select on Rupeezy's IPO Apply form, alongside Individual and Employee.


What does the HNI category mean?

HNI stands for High Net-worth Individual — under SEBI's IPO rules this is the Non-Institutional Investor (NII) category. It applies when your total bid amount (price × lot size) for a single application is above ₹2 lakh. If your bid works out to ₹2 lakh or less, you'd normally apply under Individual instead.

How to select the HNI category

On the IPO Apply form, tap HNI under Investor Type instead of Individual — everything else about filling in the form (price, lots, UPI ID) works the same way.

Selecting HNI as the investor type on Rupeezy's IPO Apply form, with cut-off price and lot count fields above it

For the full step-by-step — browsing IPOs, entering price/lots, approving the UPI mandate — see How do I apply for an IPO?

Things to keep in mind

  • On Rupeezy, both Cut-off Price and a custom bid price are available regardless of which investor category you pick — there's no category-based restriction on the bid-price option.
  • The IPO's Employee category (where offered) is separate from HNI and only applies if you're an eligible employee of the company issuing shares.