Who can invest in an IPO?

Investors are classified into:

  • Retail Individual Investors (RIIs): Applies with up to ₹2 lakh
  • Non-Institutional Investors (NIIs/HNIs): Above ₹2 lakh
  • Qualified Institutional Buyers (QIB): Includes mutual funds, banks, insurance companies, pension funds, public financial institutions, foreign portfolio investors (other than individuals).