IPO lot size in India

Mon, 11 May 2026 00:00:00 +0000

The IPO lot size is the minimum number of equity shares that an investor must apply for in a single bid in an Initial Public Offering (IPO). All bids in an IPO must be in integer multiples of the lot size; a bid for a quantity that is not a multiple of the lot is invalid and is rejected by the exchange’s Issue Module. The lot size is set by the issuer in consultation with the book running lead manager (BRLM) and is disclosed in the Red Herring Prospectus (RHP) and all associated advertisements. The SEBI (ICDR) Regulations, 2018 prescribe the minimum application value that the lot size must satisfy, rather than prescribing the lot size in number of shares directly; the number of shares per lot is derived from the issue price and the minimum value target.

IPO Lot Size on WebNotes

IPO lot size in India