What is the maximum and minimum amount I need to apply for an SME IPO?
When applying for an SME IPO, the minimum investment amount is set based on the company's price band and the designated lot size, typically amounting to over ₹1 Lakh. The maximum cap for investment in an SME IPO is set at ₹5 Lakh.
It's important to take note of these categories:
Up to ₹2 Lakhs: Classified under the Retail category.
From ₹2 Lakhs to ₹5 Lakhs: Falls into the Non-Institutional Bidders (NIB) category.
Each SME IPO will have its detailed terms presented in the prospectus, and FYERS will provide specific information during the application phase for clarity.
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