IPO Market — India IPO tracker

IPO Application Amount Calculator

Work out exactly how much money gets blocked in your account for an IPO application — enter the price band and lot size from the RHP, pick how many lots you want to apply for, and see the amount at both the lower and upper price band.

See currently open IPOs, check the lot size calculator for your budget, or use the allotment probability calculator.

Application Amount (blocked in bank account)

₹14,250 – ₹15,000

For 1 lot of 30 shares (30 shares total) across the ₹475–₹500 price band.

Total Shares

30

At Cut-off (upper band)

₹15,000

How the IPO Application Amount Calculator works

An IPO's application amount is simply number of lots × lot size × price per share. Because retail investors bid within a price band rather than at a fixed price, the exact amount blocked depends on which price in the band you (or your broker's default cut-off bid) end up paying — so this calculator shows the amount at both ends of the band.

Under the ASBA/UPI mandate process, the full amount for your bid is blocked in your bank account (not debited) the moment you apply, and is only debited if you receive allotment. If you don't get allotted, or if the final price is lower than what you bid, the blocked amount (or the difference) is released automatically — see our allotment calculator for how likely that is at a given subscription level.

SEBI caps a single retail application at ₹2,00,000 — if your calculated amount at the upper band exceeds that, you're bidding as a non-institutional (HNI) investor instead, which changes the funding math; see the HNI funding cost calculator for that case.

Disclaimer: This calculator is for educational purposes only and does not constitute investment advice. Always read the Red Herring Prospectus and verify current rates before applying for any IPO.

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Frequently Asked Questions

How is IPO application amount calculated?
Application amount = number of lots × lot size (shares per lot) × price per share. Since IPOs are bid within a price band, the amount differs slightly at the lower and upper end of the band — most retail investors bid at the cut-off price, which blocks the upper-band amount.
Is the application amount debited immediately?
No. Under ASBA/UPI, the amount is only blocked (lien-marked) in your bank account, not debited. It is debited only if you receive allotment; otherwise it is released automatically, usually within 1-2 business days of the allotment date.
What is the maximum retail IPO application amount?
SEBI caps a single retail (RII) application at ₹2,00,000. Applications above this amount are classified as non-institutional (sNII/bNII) investor bids, which follow different allotment rules.
Can I apply for more than one lot?
Yes — retail investors can bid for multiple lots up to the ₹2,00,000 cap. Applying via multiple lots in a single application does not improve allotment odds versus a single lot; SEBI's lottery allots a maximum of one lot per successful application when oversubscribed.
Does the application amount change after listing?
No — the application amount is fixed by the price band and lot size set before the IPO opens. It has no relation to the post-listing price or GMP, which only affect potential profit after allotment.