Financing your IPO bets
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HNIs can earn high returns if they play their cards well
Initial public offers (IPOs) are one of the most sought after avenues by high networth individuals (HNI) for earning quick bucks. They are allotted shares on a proportionate basis and are sure of getting allotments unlike retail investors who may or may not get allotments in an IPO. That is, if an HNI has applied for 1,00,000 shares and the IPO is over-subscribed 50 times, then 2,000 shares (1,00,...
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