- The bidder must place a bid for a minimum of 250 shares (i.e., 1 lot) and in its multiples — such as 500 shares (2 lots), 750 shares (3 lots), and so on.
- If the price range is ₹151–₹155, the bidder can place a bid at any price within this range. The cut-off price is the maximum issue price (i.e., ₹155).
- If the listing price is declared at ₹154, then applicants who bid at ₹151 or ₹152 will not receive an allotment. Only those who bid at ₹153 or ₹154 (cut-off price) will be eligible for allotment.
- The cut-off price means the final price decided after the IPO bidding ends. Shares are allotted only to those who have bid at or above this price. To apply for an IPO, see how to apply for an IPO using UPI through Jainam?
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