I apply for an IPO on first day of issue, morning time on cut-off rate but most of the time I am not allotted shares. Please guide me, what to do, what to follow?

The timing of your application doesn't matter as shares are not allotted on first-come-first-serve basis. Here are a few things you can do to maximize your chances of getting the allotment in an IPO-

• Fill the IPO form accurately. A lot of applications gets rejected due to technical mistakes.
• In a book building issue, always apply at a cut-off price. This facility is only available to retail investors.
• Ask your family members to apply for the IPO on your behalf. As allottees are selected on the basis of lottery, your family members applying will increase the chance of getting an allotment. However, your family members need to have a PAN and a demat account to apply.