The cut-off price is the final issue price at which shares are allotted to investors. It is determined after the IPO bidding process ends based on demand.
✔ Retail investors can apply at the cut-off price, meaning they agree to buy shares at the price decided during the allotment process.
✔ Applying at the cut-off price increases your chances of getting an allotment compared to bidding at a specific price within the price range.