IPO Cut-off Price

IPO Cut-off price is the share price decided by the company based in the demand of IPO shares.

1. 1. Who can apply at a cut-off price in an IPO?

   • Retail Individual Bidders (RII)
   • Eligible Employees under the Employee Reservation Portion
   • Shareholders Bidding under the Shareholders Reservation Portion (subject to the Bid Amount being up to Rs 200,000)

   Note: Check the IPO prospectus document to check the eligibility before you apply.

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2. 2. Who is not eligible to apply at a cut-off price in an IPO?

   • Non-institutional bidders (NII)
   • Qualified Institutional Bidders (QIB)
   • Anchor Investor
   • Shareholders Bidding under the Shareholders Reservation Portion for the bid amount above Rs 200,000)

   Note: Please read the RHP document of the IPO to check the eligibility before you apply.

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