Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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IPO Investor Category |
IPO Bid Modification Rule (Mainboard) |
IPO Bid Modification Rule (SME) |
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Retail Investor |
Can increase or lower the bid size |
Individual Investor (minimum 2 lots): Quantity cannot be decreased due to minimum lot size; price may be revised. In some SME IPOs, only upward revision of price is allowed. |
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QIB |
Can only increase bid size |
Can only increase bid size (same as mainboard) |
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NII |
Can only increase bid size |
Can only increase bid size (same as mainboard) |
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Employees |
Can increase or lower the bid size |
Can increase or lower bid size subject to upper limit and RHP; quantity cannot go below 2 lots; price revision may be restricted upward-only in some SME IPOs |
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Shareholders |
Can increase or lower the bid size |
Can increase or lower bid size subject to upper limit and RHP; quantity cannot go below 2 lots; price revision may be restricted upward-only in some SME IPOs |
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
