---
title: "What is the lot size for an IPO? - Support Arrow"
description: "Lot size refers to the minimum number of shares that you must purchase. All your orders will be a multiple of the lot size."
category: arrow
subcategory: ipo
slug: what-is-the-lot-size-for-an-ipo-support-irage
canonical: https://support.arrow.trade/arrow/ipo/what-is-the-lot-size-for-an-ipo-support-irage/
---

# What is the lot size for an IPO? - Support Arrow

> Lot size refers to the minimum number of shares that you must purchase. All your orders will be a multiple of the lot size.

## Short answer

Lot size refers to the minimum number of shares that you must purchase. All your orders will be a multiple of the lot size.

For example, consider the IPO of ACD company with a lot size of 32 shares and, price range of ₹450 to ₹465:

To apply for 1 lot: 32 × ₹465 = ₹14,880

To apply for 2 lots: 64 × ₹465 = ₹29,760

Did you know? For SME IPOs, shares can be bought and sold in the secondary market only in multiples of the lot size.

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Source: https://support.arrow.trade/arrow/ipo/what-is-the-lot-size-for-an-ipo-support-irage/
Publisher: Arrow / iRage Broking Services LLP