Stuck Somewhere?
search - groww
My Tickets
My Account
Stocks
Mutual Funds
Gold
FDs
US Stocks
Investments
IPO
Margin
Charges
P&L Reports
Others

What is lot size and cutoff price in an IPO?

It is the minimum number of shares that an investor has to apply for. This is known as the IPO bid lot or market lot size or minimum order quantity. 
 
 Example: IPO of company ABC has a market lot size of 100 shares. So an investor can apply for 100 shares, or 200 shares, or 300 shares, and so on.

The cutoff price is the maximum price for a particular IPO. Eg. price range for ABC company's IPO is Rs 100-105 then Rs 105 is the cutoff price.
We hope that this answer was helpful!
How was your experience?
ⓒ 2016-2021 Groww. All rights reserved, Built with in India