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    What is "Minimum Order Quantity" for an IPO?

    Minimum Order Quantity, as name suggests, is the minimum number of shares investors can apply while bidding in an IPO. If investors want to bid for more shares, they can apply in multiples of IPO market lot (Lot Size or IPO Bid Lot) of shares.
    Example:
    IPO: Route Mobile
    IPO Public Issue Price: Rs.345/- to Rs.350/- Per Equity Share
    Minimum Order Quantity: 40 Shares.

    Investors need to apply for at least 40 shares. They can apply at any price within the price range i.e. Rs.345 – Rs.350. If the investor wants to apply for more than 40 shares, he needs to apply in multiples of 40 i.e. he can either apply for 80 shares or 120 shares etc.

    What is cut off price? What is the ASBA payment method for IPO? What is the maximum no. of bids allowed per investor? Can an investor revise or withdraw the bids after applying in the issue? What is an IPO? What are the requirements to invest in an IPO? What is a Price Band? In which category should an investor bid for the shares in an IPO? Where can I check the upcoming IPO's? Where can I check the top performing IPO's? How to view IPO orders in my account? Who does the IPO allotment — the broker or Registrar to the Issue (RTA)? How to apply for an IPO in ICICI Direct?