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Under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, what is the maximum amount that an individual retail investor can apply for in an initial public offering (IPO)?

1. ₹1 Lakh
2. ₹1.5 Lakh
3. ₹2.5 Lakh
4. ₹2 Lakh

Correct answer: ₹2 Lakh

Solution

Under SEBI ICDR regulations, the maximum application amount for an individual retail investor in an IPO is ₹2 lakh. This is the standard retail investor limit.

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