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Other Trading ChargesSME IPOs are allotted in fixed lots. The cost of one lot usually ranges between ₹1–2 lakhs, depending on the issue price. As per SME IPO norms, a retail investor must apply for a minimum of 2 lots, which makes the entry investment around ₹2–4 lakhs. The maximum investment depends on the number of lots applied for and the investor category (Retail, HNI, etc.).