- Bids in the IPO application can be made by selecting the lot size while placing the order. Lot size/ Market lot is the minimum count of shares which an investor can apply for in an IPO.
- Bids (only 1 bid) can be made at any price between the price range.
- For example: - For an IPO market lot is 250 and price range is 151 – 155.
- If the market lot is 250 then, the bidder has to bid for minimum 250 shares (i.e., 1 lot) and can bid for its multiple only as: 500 shares (2 lots), 750(3 lots) and so on.
- If the price range is ₹ 151 – 155 then, the bidder can place bid at any price between 151 to 155. Cut off price is the maximum issue price (i.e.,155).
- Now, if the listing price is declared at ₹ 154 then, those bidders who had made application at price upto ₹ 151 and 152 will not get any allotment. Allotment will be made only to those applicants who have bidded at ₹ 153 and ₹ 154(cut off price).
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