To increase your chances of getting an IPO allotment, you can adopt the following effective strategies:
1. Apply Through Multiple Accounts: Open IPO accounts in the names of different family members (parents, spouse, siblings, etc.). Each application counts as a separate chance of allotment.
2. Apply for Minimum Lot Size: In oversubscribed IPOs, applying for just 1 lot (the minimum allowable) can statistically increase your odds of allotment.
3. Use Shareholder Quota: If you hold shares in a parent or related company of the IPO issuer and meet eligibility criteria, applying through the shareholder quota can significantly improve your chances.
4. Ensure Accuracy of Details: Make sure all information in your IPO application is correct bank details, PAN number, number of shares, etc. Mistakes can invalidate your application.
5. Avoid Overhyped IPOs: Extremely popular IPOs have much lower allotment odds. Consider applying to moderately subscribed but fundamentally strong IPOs.
6. Maintain Adequate Funds: Ensure your linked bank account has sufficient funds to avoid payment issues, which could lead to cancellation even if you’re allotted shares
7. Apply via HNI Category (if eligible): High Net Worth Individuals (HNIs) may have a different allotment pool applying in this category (with larger amounts) can improve chances, especially in certain IPOs.
By spreading applications across multiple accounts, choosing IPOs wisely, using shareholder benefits, and ensuring clean, funded applications, you significantly increase your chances of a successful allotment.
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