Is there a minimum quantity or amount for an IPO bidding?

Yes. The regulator’s share allotment rules state that the minimum bid lot is based on the minimum application amount.

SME IPOMainboard IPO
Average Application SizeMinimum of ₹2 lakh*₹14,000 – ₹15,000
Listing on Stock ExchangesCan be listed only on one exchange.Can be listed on both exchanges.

*Note: The minimum investment for SME IPOs has increased to 2 lots or ₹2 lakhs, but this applies only to IPOs that filed their prospectus after March 2025. Many upcoming IPOs may still have a ₹1 lakh minimum, as older prospectuses are valid for up to a year.