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How to improve your chances of getting allotment in IPOs?
Apply to IPO on Day 1 or 2: Early applications often face fewer technical issues. This will minimize the chances of rejection of application.
Avoid Common Mistakes: While applying to IPO ensure that PAN, Demat account number, Bid lot and valid UPI ID is filled correctly.
Check the Grey Market Premium: Higher GMP of IPOs means high demand resulting in oversubscription. For such IPOs, apply for 1 lot only. GMP can be checked on multiple websites.
Apply for 1 Lot (in Oversubscribed IPOs): In oversubscribed IPOs, all applicants who apply for at least 1 lot have an equal chance in the lottery. Applying for more than 1 lot does not increase your chances of allotment.
Use Active UPI ID: Ensure that Active UPI ID is correctly linked to the bank account having sufficient funds and not experiencing delays or failures. Approve the UPI mandate quickly (within the deadline).
Apply in Shareholder or Employee reservations (if you qualify): Some IPOs offer preferential reservations to shareholders and/or employees of the company. Eligible applicants should apply in these categories to increase their chances of getting an allotment.
