In an IPO, a lot is the minimum number of shares you can bid for, and you apply in whole lots—one lot, two lots, and so on. The issuer fixes the lot size and the price band for the issue, so the minimum amount you need to apply is lot size × the price you bid. When you apply on the Rupeezy app, the lot size and price band are shown for that IPO.
How does the lot size work?
- You can bid for a minimum of one lot and then in multiples of that lot—you can't bid for a part of a lot, or for a single share.
- The lot size is set by the issuer and its lead managers, not by Rupeezy—it's the same wherever you apply. Every IPO can have a different lot size, so check it on each new issue rather than assuming it matches the last one.
- The lot size is the same for every investor category on an issue — Individual, Employee or HNI. What changes by category is the bid amount, not the size of a lot.
How much does one lot cost?
Your application amount is lot size × number of lots × bid price (or the upper end of the price band if you bid at the cut-off). For example, say a company called ACD Ltd. is launching an IPO with a lot size of 32 shares and a price band of ₹450–₹465:
- 1 lot: 32 shares × ₹465 = ₹14,880
- 2 lots: 64 shares × ₹465 = ₹29,760
Where do I see the lot size on Rupeezy?
On the IPO's Apply screen, the Lot field shows the lot size in shares — for example, Lot (25 Share) means each lot you add is 25 shares. Use the + / - stepper next to it to choose how many lots you want; the app multiplies lots × lot size × price to show your total application amount. See How do I apply for an IPO? for the full application flow.
How many lots can I apply for?
- As a retail individual investor, you can bid up to ₹2,00,000 in total—that may be one lot or several, depending on the lot's value.
- To bid for more than ₹2,00,000, you apply in the High Net-worth Individual (HNI / NII) category instead. You simply bid for more lots of the same size — see How do I apply for an IPO in the HNI (NII) category?
If you're deciding how many lots to bid for, see Can I improve my IPO allotment chances?.