The minimum lot to apply for SME IPOs varies based on the offer price of the shares and the category of investors, i.e., retail and High Net-worth Individuals (HNI). For the retail category, the minimum lot size is determined based on different price bands. As of the provided information, here is the minimum lot size for retail investors:
- Up to Rs 14: 10,000 shares
- More than Rs 14 up to Rs 18: 8,000 shares
- More than Rs 18 up to Rs 25: 6,000 shares
- More than Rs 25 up to Rs 35: 4,000 shares
- More than Rs 35 up to Rs 50: 3,000 shares
- More than Rs 50 up to Rs 70: 2,000 shares
- More than Rs 70 up to Rs 90: 1,600 shares
- More than Rs 90 up to Rs 120: 1,200 shares
- More than Rs 120 up to Rs 150: 1,000 shares
- More than Rs 150 up to Rs 180: 800 shares
- More than Rs 180 up to Rs 250: 600 shares
- More than Rs 250 up to Rs 350: 400 shares
- More than Rs 350 up to Rs 500: 300 shares
- More than Rs 500 up to Rs 600: 240 shares
- More than Rs 600 up to Rs 750: 200 shares
- More than Rs 750 up to Rs 1000: 160 shares
- Above Rs 1000: 100 shares
For the HNI category, as per the provided information, the minimum lot size is Rs 2 lakhs. HNI investors are retail investors who bid for more than Rs 200,000 worth of equity shares in an IPO.
It’s important for investors to review the specific IPO’s details and lot size information before applying to participate in an SME IPO to make informed investment decisions. Always consult with a financial advisor and perform due diligence on the company before investing in any IPO.
