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Yes, a retail investor can bid for multiple lots in an IPO, as long as the total application amount stays within the retail investor limit.
The more lots you apply for, the higher your total investment will be. Even if multiple bid prices are permitted, your application will be evaluated under the IPO’s allotment criteria.
For example, if the bid lot size is 10 shares, you can bid for 1, 2, or more lots (e.g., 10, 20, 30 shares, etc.), depending on how many shares you wish to apply for.
