---
title: "What is the maximum allowed bid quantity for retail OFS bids?"
description: "Retail bids for an Offer for Sale (OFS) are limited to a maximum value of ₹2 lakhs. The maximum allowed quantity depends on the cut-off price set for…"
category: console
subcategory: corporate-actions
slug: what-is-the-maximum-allowed-bid-quantity-for-retail-ofs-bids
canonical: https://support.arrow.trade/console/corporate-actions/what-is-the-maximum-allowed-bid-quantity-for-retail-ofs-bids/
---

# What is the maximum allowed bid quantity for retail OFS bids?

> Retail bids for an Offer for Sale (OFS) are limited to a maximum value of ₹2 lakhs. The maximum allowed quantity depends on the cut-off price set for…

## Short answer

Retail bids for an Offer for Sale (OFS) are limited to a maximum value of ₹2 lakhs. The maximum allowed quantity depends on the cut-off price set for the OFS.

You can calculate the maximum allowed bid quantity as: Maximum bid quantity = ₹2 lakhs ÷ cut-off price

The bulletin page displays the maximum allowed bid quantity for an OFS issue after the cut-off price is determined on the first day of bidding.

## How the OFS bidding process works

The bidding process for an OFS issue runs over two days:

Day 1: Institutional and HNI orders (bids above ₹2 lakhs) are collected. The cut-off price for retail bids is determined based on the bids received on this day.

Day 2: This day is reserved for retail bids. You can only place retail bids at or above the cut-off price.

## Related

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Source: https://support.arrow.trade/console/corporate-actions/what-is-the-maximum-allowed-bid-quantity-for-retail-ofs-bids/
Publisher: Arrow / iRage Broking Services LLP