How much money is blocked in my bank account?

Investors  can place up to 3 bids in an IPO application. For instance, the price range of an IPO is Rs. 100 to Rs. 120. investor can  place the following bids:

Bid 1. 10 shares at Rs. 100

Bid 2. 15 shares at Rs. 110

Bid 3. 20 shares at  Rs 120

In the above scenario the blocked amount is the highest of the three bids. The highest bid amount shall be Rs 2400 (10*110= 1000 ,15*110 = 1650, 20*120 = 2400 ). Hence, Rs 2400 shall be blocked.