What is the maximum and minimum amount I need to apply for an SME IPO?
When applying for an SME IPO through FYERS, the investment limits are defined by the issuing company's lot size and price band. SME IPOs generally require a higher minimum investment compared to mainboard IPOs, often exceeding ₹1 Lakh.
SME IPO investment limits
- Minimum amount: Typically above ₹1,00,000, depending on the price band and minimum lot size.
- Maximum amount: ₹5,00,000 per application for retail participation.
These amounts can vary between IPOs, so always review the lot size and price details before applying.
Investor categories
Your investment amount determines the IPO category you fall into:
- Up to ₹2 Lakhs: Treated as a Retail Individual Investor (RII)
- From ₹2 Lakhs to ₹5 Lakhs: Categorised under Non-Institutional Bidders (NIB)
Each SME IPO's prospectus will outline these limits, and FYERS provides this information during the IPO application window.
What if?
| Scenario | Explanation |
|---|
| You apply below the minimum lot size | Your application may be rejected or considered invalid. |
| You apply over ₹5 Lakhs as an individual | Your application won't be considered under the permitted investor categories. |
| The lot size seems too large | SME IPOs are structured this way and may require higher upfront capital. |
| You want to check specific IPO limits | Visit the IPO section in FYERS to view the lot size and pricing details before applying. |
Always check the lot size and investment band before applying. The minimum amount can differ significantly between SME IPOs.
Last updated: 11 Jun 2025
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