# M.K. Sons IPO HNI Quota: Small NII vs Big NII Explained > M.K. Sons IPO HNI (NII) quota: 15% of the net issue, split 1/3 small NII (INR 2-10L) and 2/3 big NII (>INR 10L). Minimum bids and how allotment works. - **Published**: 2026-10-28 - **Modified**: 2026-10-28 - **Category**: ipo - **URL**: https://www.tldr.money/articles/ipo/mk-sons-ipo-hni-nii-quota --- This guide explains the **M.K. Sons IPO HNI quota**, officially the non-institutional investor (NII) portion, including the "big NII" category some people call the UHNI quota. It is part of the [M.K. Sons IPO DRHP and RHP breakdown](/articles/ipo/mk-sons-ipo) and our [IPO guides](/ipo). **Last updated: 28 October 2026.** Public book open 28-30 Oct 2026 -- check BSE/NSE for live NII subscription. > **Educational content, not investment advice.** This page explains the issue using the company's own offer documents and exchange filings. tldr.money is not a SEBI-registered investment adviser or research analyst, and nothing here is a recommendation to apply for, buy, sell or hold any security. IPO investments can lose money, including on listing day. Read the [red herring prospectus](https://www.bseindia.com/corporates/download/371835/IPO%20Open/M.K.Sons_RHP_Clean_Mode_20261022185748.pdf) before you bid, and speak to a SEBI-registered adviser if you need personal advice. ## Who is an HNI in an IPO? SEBI's rules do not use the term HNI. They define a **non-institutional investor (NII)** as anyone who is not a QIB, a retail investor or an eligible employee or shareholder bidding in a reserved portion, and who bids for **more than INR 2 lakh**. In this RHP, that typically includes resident individuals, eligible NRIs, HUFs, companies, trusts, societies, family offices and some foreign portfolio investors. The NII portion is split into two sub-categories: | Sub-category | Common name | Bid size | Share of the NII portion | |---|---|---|---| | Small NII (sNII) | HNI, "small HNI" | More than INR 2 lakh, up to INR 10 lakh | One-third | | Big NII (bNII) | "UHNI", "big HNI" | More than INR 10 lakh | Two-thirds | "UHNI quota" is market slang, not a separate category. There is no third NII bucket in a standard RHP. ## M.K. Sons IPO NII quota size The RHP says **not less than 15% of the net issue** goes to NIIs. Share counts below are **illustrative** from ~15% / 35% of the up-to **1.70 crore** equity shares in the Offer (RHP). BSE's live IPO page (accessed 28 Oct 2026) shows **Issue Size - No. of Shares: 1,19,00,000** (likely the post-anchor net available for public bidding -- do not invent a reconciliation; prefer the RHP and exchange parameters). Share counts (fill from NSE/BSE post-anchor parameters when published), at the INR 162 cap: | | Shares (official) | Value at INR 162 (our calculation) | |---|---|---| | NII portion (15% of the net issue) | 25,50,000 | about INR 41.31 crore | | Small NII (one-third) | 8,50,000 | about INR 13.77 crore | | Big NII (two-thirds) | 17,00,000 | about INR 27.54 crore | ## Minimum and maximum application amounts At the INR 162 cap and the 91-share lot: | | Lots | Shares | Amount | |---|---|---|---| | Small NII minimum | 14 | 1,274 | INR 2,06,388 | | Small NII maximum | 67 | 6,097 | INR 9,87,714 | | Big NII minimum | 68 | 6,188 | INR 10,02,456 | | Big NII maximum | Up to the NII portion | | Subject to investor limits | NIIs cannot bid at the cut-off price. You must bid at a specific price within the band, and your bid amount must clear the threshold at that price.
- **Minimum bid** to be in big NII: more than INR 10 lakh, so **68 lots (6,188 shares, INR 10,02,456)** if you bid at INR 162. - **Minimum allotment** in big NII: usually **14 lots (1,274 shares)**, the same as small NII -- confirm in this issue's basis of allotment. - So a big NII winner in an oversubscribed lottery often gets the **minimum NII block, not the full big-NII minimum bid**.
## How allotment works for small and big NII The RHP applies SEBI's rule for NII allotment (Schedule XIII of the ICDR Regulations): 1. **Each successful NII gets at least the minimum NII application size**, subject to availability. 2. **If there are not enough shares for every applicant to get that minimum, applicants are picked by a draw of lots**, as SEBI's rules provide. This applies in each sub-category separately. 3. **Any shares left after the minimum allotments** are allotted proportionately. Bigger bids do not buy a bigger minimum. They only matter if the category is not heavily oversubscribed. ## Paying for an NII bid - **UPI works only up to INR 5 lakh.** Larger NII bids must use ASBA. - **You cannot withdraw or lower your bid.** QIBs and NIIs can only revise upwards under typical RHP rules. - **The full amount is blocked** until allotment. Walk through the steps in [how to apply for the M.K. Sons IPO](/articles/ipo/how-to-apply-mk-sons-ipo), and see the full [lot table by category](/articles/ipo/mk-sons-ipo-price-band-lot-size). ## Related M.K. Sons IPO guides - [M.K. Sons IPO: DRHP and RHP breakdown](/articles/ipo/mk-sons-ipo) - [M.K. Sons IPO price band and lot size](/articles/ipo/mk-sons-ipo-price-band-lot-size) - [How to apply for the M.K. Sons IPO](/articles/ipo/how-to-apply-mk-sons-ipo) - [M.K. Sons IPO allotment status](/articles/ipo/mk-sons-ipo-allotment-status) - [M.K. Sons IPO dates and timeline](/articles/ipo/mk-sons-ipo-dates-allotment-status) ## Sources Primary sources first. Links accessed 28 October 2026. - [M.K. Sons Fine Jewels -- RHP PDF (hosted on BSE)](https://www.bseindia.com/corporates/download/371835/IPO%20Open/M.K.Sons_RHP_Clean_Mode_20261022185748.pdf) - [BSE IPO page -- M. K. Sons Fine Jewels (MKSONS), price band INR 153-INR 162](https://beta.bseindia.com/markets/publicIssues/DisplayIPO.aspx?IPONo=8062&id=4908&idtype=1&startdt=28%2F10%2F2026&status=F&type=IPO) - [BSE public issue parameters -- IPONo 8062 / MKSONS](https://beta.bseindia.com/markets/publicIssues/DisplayIPO.aspx?IPONo=8062&id=4908&idtype=1&startdt=28%2F10%2F2026&status=F&type=IPO) - [BSE DisplayIPO -- M. K. Sons Fine Jewels Limited](https://beta.bseindia.com/markets/publicIssues/DisplayIPO.aspx?IPONo=8062&id=4908&idtype=1&startdt=28%2F10%2F2026&status=F&type=IPO) --- - [More ipo articles](https://www.tldr.money/articles/category/ipo) - [All articles](https://www.tldr.money/articles)