Can HNI apply in both retail and NII category?

No, an investor can make an IPO application either in the RII or NII category. An investor cannot bid under both categories.

If an individual places two bids as retail and HNI investor, both of the applications will be rejected.

Individuals who want to bid for less than Rs 2 lakh, the application will be placed as a retail investor while applications for more than Rs 2 lakh should be placed as an HNI.