Investing 10 lakh rupees in an initial public offering is permissible under regulatory frameworks, though specific application caps depend on the investor category. Retail individual investors face maximum investment thresholds (typically up to ₹2 lakh), meaning a 10-lakh allocation would generally require applying through the High Net Worth Individual (HNI) or Non-Institutional Investor (NII) quota. Allocations within larger categories are subject to proportionate scaling or ballot systems depending on overall subscription demand.