Who are non institutional investors?

They are also known as high net-worth investors. These are basically NRI’s, companies, trusts who bid for more than rs 200000 shares in IPO.

Non-Institutional Investors

  • Apart from entities that can be RIIs; companies, trusts etc. can also be NIIs.
  • 15% lots are reserved for them.
  • Like QIBs, NIIs are allotted shares proportionally. Thus the chances of allotment are much higher. Moreover, no registration is needed with SEBI.
  • To invest in the HNI category, all you need to do is invest over 2 lakh rupees.
  • Many brokers do not give the facility of investing via this route. You can use your bank’s net-banking for this.