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The UPI ID can be used to buy through online brokerages as well.Д¬an an investor buy through multiple trading accounts? That is, a regular investor can block the money needed to buy the allotted shares in his/her bank account with a UPI ID. HNIs can avail the ASBA facility through banks that can offer itвЂ“called the Self-Certified Syndicate Banks (SCSBs)-and a regular retail investor/policyholder/employee can avail this facility using UPI ID.

The money is released for the purchase of the shares only when the investor is allotted shares, after the bidding is closed. It will have the name of the applicant (obviously), the PAN number, demat acc ount number, and bid quantity and bid price among other things. ASBA is an authorisation given to an investorвЂ™s bank to block the money needed to buy the shares in his/her account. That is Application Supported by Blocked Amount. NIIs have to bid for a minimum of Rs 2 lakh and can only apply through the ASBA form. If you want to invest higher than Rs 2 lakh (or Rs 6 lakh as a three-in-one investor) in the IPO, then you need to apply through the non- institutional investor or NII category (which is another name for high net-worth individual or HNI) category. To bid for each category, she can use the same trading account or three different ones.ДЄlso read:В India's biggest public issue ticks nearly all boxes on Day 1Д¬an you apply as a retail investor and an HNI? Then she can bid for 42 lots (14 each in retail, employee and policyholder category). If she is a three-in-one investorвЂ“that is, she is a retail investor who is also an LIC employee and a policyholderвЂ“then she can bid for up to Rs 6 lakh for shares reserved for all three categories. If you add another lot, the total goes to 2,00, 025 which again exceeds the limit. This multiplied by 14 is Rs 13,335, which multiplied by 14 lots comes to Rs 1,86,690. The math goes like this: the maximum she can pay for a share is Rs 949 minus Rs 60 (discount), which is Rs 889. If the investor is a policyholder, then too she can bid for up to 14 lots. If you add another lot to it then the total becomes Rs 2,03,400, which exceeds the set limit. The math goes like this: Rs 904 (which is Rs 949 minus the discount of Rs 45) multiplied by 15 (the minimum number of shares that has to be bought) is Rs 13,560. Therefore, a retail investor/employee can bid for up to 14 lots. A retail investor, employee and a policy holder can bid for up to Rs 2 lakh each. So, you can bid for 15 shares or 30 or 45 or 60, and so on.

To qualify for the policyholder category, an investor must have been a policy holder before February 14, 2022, and should have linked her PAN number as of February 28, 2022.ДЇor a minimum of 15 shares and then in lotsвЂ“or multiplesвЂ“of 15.

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