How many bids can I place in an IPO application?

 You can place up to 3 bids per IPO application. Each bid must:

  • Fall within the specified price range

  • Be in multiples of the lot size

  • The system blocks funds only for your highest bid amount.

Example: For a price band of ₹100–₹105

  • Bid 1: 10 shares at ₹100 = ₹1,000

  • Bid 2: 15 shares at ₹101 = ₹1,515

  • Bid 3: 20 shares at ₹103 = ₹2,060
    Amount blocked: ₹2,060 (highest bid)