About the IPO application amount calculator
IPO bids are made in lots, a fixed minimum number of shares set for each issue. The amount blocked in your bank account is the bid price times the shares in all the lots you apply for.
How the IPO application amount calculator works
Application amount = Price × Lot size × Lots
Retail investors usually bid at the upper end of the price band or at the cut-off price, which blocks the amount at the upper end.
Worked example
- Application price
- ₹94
- Shares per lot
- 150
- Number of lots
- 2
Example inputs
- Application amount
- ₹28,200
- Total shares
- 300
- Lots
- 2
Calculated result
Why use a IPO application amount calculator?
- Check how much money must be available before you bid.
- Find the most lots that fit within a category limit.
IPO application amount calculator FAQs
How much can a retail investor apply for?
In a mainboard IPO, a retail individual investor can bid for up to ₹2 lakh. SME IPOs have their own minimum application size. Each issue’s offer document gives its terms.
Is the money debited when I apply?
No. With ASBA or UPI the amount is blocked, not debited. It is debited only for the shares allotted, and the rest is released.
Is there a UPI limit for IPO bids?
UPI can be used for IPO bids up to ₹5 lakh. Larger bids go through ASBA net banking.
Does applying for more lots improve my chances?
In the retail category of an oversubscribed mainboard IPO, allotment is generally made by lottery of one minimum lot per successful applicant, so more lots in one application do not usually improve the odds.
Where can I see an IPO’s lot size and price band?
On the IPO’s own page on IPOWala, where each figure shows the exchange it came from and when it was read.