Min & Max IPO Retail Investment Calculator

Every IPO has a minimum bid of one lot and a maximum retail bid capped at ₹2,00,000 by SEBI. Enter the lot size and price to see both limits — and how many lots you can bid for within the retail category.

Minimum Investment (1 lot)

₹15,000

Maximum Retail Investment

₹1,95,000

13 lots

Retail Category Headroom

₹5,000

Amount left unused below the ₹2,00,000 SEBI retail cap at your maximum lot count.

How the Min & Max IPO Retail Investment Calculator works

The minimum retail investment in any IPO is exactly one lot, valued at the price you bid (most retail investors bid at the cut-off/upper price band). The maximum retail investment is capped by SEBI at ₹2,00,000 per PAN, per application — so the calculator finds the largest whole number of lots whose total value stays at or under that cap.

If one lot alone already costs more than ₹2,00,000 (common for higher-priced IPOs with a large lot size), retail investors cannot apply at all in the retail category for that issue — bidding then requires moving to the sNII (non-institutional) category instead, see our HNI break-even calculator.

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

What is the minimum IPO investment for retail investors?

The minimum is exactly 1 lot — the lot size (shares per lot) multiplied by your bid price, typically the upper price band or cut-off price.

What is the maximum IPO investment for retail investors?

SEBI caps a single retail (RII) application at ₹2,00,000 per PAN. The maximum number of lots you can bid for is the largest whole number of lots whose total value doesn't exceed ₹2,00,000.

Can I invest more than ₹2,00,000 in an IPO as a retail investor?

Not under the retail (RII) category. To bid above ₹2,00,000, you apply under the sNII (small non-institutional investor) category instead, which has different allotment rules and no upper cap tied to ₹2,00,000.

Does the ₹2,00,000 cap apply per IPO or per PAN across all IPOs?

It applies per PAN, per IPO application. You can apply for multiple different IPOs, each up to ₹2,00,000 under retail, but cannot split one IPO's bid across multiple retail applications on the same PAN.

What if my calculated lot value exceeds ₹2,00,000 for even 1 lot?

Some high-priced IPOs with a large lot size have a minimum lot value above ₹2,00,000. In that case retail investors cannot apply for 1 lot within the retail cap and must apply under the sNII category instead.