IPO Allotment Tips - How to Increase IPO Allotment Chances (2024)

IPOWatch Team
August 27, 2024
. . 13 Comments

When we look at most of the comments on the high subscribed IPOs we found a few the questions like "I have not been allotted any shares", "I haven’t got allotment in multiple applications", "why I am not getting allotment in the last five IPO". The things are very much clear that the lucky person gets the allotment in high subscription IPOs. Lets talk about how to increase IPO Allotment chances.

Sometimes there are few good IPOs in which even people who applied through just 1 application get the allotment while some apply in multiple numbers but still do not get an allotment. The things are clear in the scenario that the process is automated and the lucky winner is getting the allotment. We are here with some of the tricks and tips that can give you more chances to get the allotment in a good and highly subscribed IPO. It will surely help you to increase IPO allotment chances.

Let’s talk about the IPO Allotment Process:

As per SEBI after October 2012 allotment of shares in a retail category is on a proportionate basis if the IPO is oversubscribed. In the case of oversubscription if one is applying for Rs.1,00,000, Rs.1,50,000, or Rs.2,00,000 the stock will be allotted as per the lottery system. The same stock will be allotted to the higher subscribed amount.

The basis of allotment for all the applied bids will be the same. As per current guidelines, there will be no allotment less than the minimum bid lot size. You can check the IPO subscription status on our portal with live numbers.

How to increase chances for IPO Allotment:

There are a few things you need to check before applying for the IPO. Here we recommend you to follow the below steps which will increase your chances to get the allotment in oversubscribed IPOs.

Step 1. Apply in more than 1 account for the same IPO

Do not apply with a maximum bid in just 1 account but use the multiple accounts for the subscription. You should apply via multiple IPO accounts for a highly subscribed IPO. If the IPO subscribed 6 times and you applied in 6 different accounts it means you will get 1 application for sure.

The application numbers should be in line for the same. More accounts can give more chances for the allotment. In IPOs that are highly oversubscribed and have a good listing gain IPOs with multiple accounts have more chances to have an allotment.

Step 2. Go for minimum bids, No big applications

As per the SEBI rules, the retail investors will get the allotment of the minimum shares in all the bids from minimum to maximum. We recommend that go for a minimum bid only. For the oversubscribed IPOs, one should go for minimum bids with multiple accounts. That will help you to invest spare money in multiple IPOs as well.

Step 3. Apply with different application numbers

When you are applying for IPOs that are going to have a huge subscription in retail you should apply with different application numbers. Do not apply in with numbers that are in one raw otherwise, you might not get the stock. if the IPO subscribed over 20 times and you applied in 6 different accounts then apply with the different numbers so in a lottery you might get a chance to have an allotment.

Step 4. Select cut-off price / higher price band

For applying for the IPO one should keep in mind that those who apply with the higher price band aka cut-off price will get a maximum chance of the allotment. We recommend you apply with a cut-off price for the IPOs in which you want to get the allotment in case of oversubscription.

Step 5. No last-moment subscription

If you have a mindset that you will apply for the IPO, then go for it on the very first day or the second day. If you are going to apply it on the last day it might cause a few issues like your bank account is not responding due to HNI and QIB high subscriptions. It is to take care that you do not miss the good IPOs.

Step 6. Fill in the details properly

Do not hurry to fill out the IPO forms. One should fill in the details properly like the amount, name, DP ID, bank details, and more. Printed forms are also available so one should go with it as well. It’s a secure way to subscribe for IPO. You can go with ASBA via your bank but in which you need to check the details before applying the same. It will surely avoid technical rejection.

We are here to try to give the best of the information about IPO allotment. Just go through all the information about IPOs like price band, company financials, grey market premium, Kostak rates, and more which can help you to apply for good IPOs. Invest in the IPOs which are good to give the listing gain and the long-term gain as well.

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IPO Allotment Tips - How to Increase IPO Allotment Chances (2)

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I have two different demat accounts with the same PAN number and I have Bajaj Finance shares in one demat account… Can I apply under shareholder category in one demat account and under retail category in the other?
Reply
Hi Sonu,
Without paying subscription amount how you got the shares credited? If that happend, you will get the amount debited for sure.
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Reply
Dear sir
if i apply with different account with different pan no. but the email no is same . what may be ?
Reply
Dear sir
if i apply with more then one account with other pan no. but the email no is same . what may be ?
Reply
Hello Sir,
Different Demat, Different Application Numbers
Reply
Applying for sme ipo and ipo becomes a futile exercise. I have applied for most ipos during last 4 months. Till now not received any allotment. If it is random lottery method at least i would have won one. I think this is a procedure for inviting mass participation to increase number of times over subscription to help a few influential Institutions and HNI for getting high profit. Best method is for next few months let us not apply bringing down the subscription times. It reduces the profit on allotment. When this happens influential ones will not participate. Real investers starts getting allottments
Reply
There is cheating ongoing in allotment process. I have applied in 25 companies in SME ipo segment but not single company did allot me a single application. There is setting nexus between agents and Mutual fund. it seems that SEBI has provided technology to cheat the people and get hefty commission from their appointed agents and agents may get commission from MF or QII or QIB s. I have written letter to Finance ministry. lets see what answer I will have.
Reply
1. Hello Rajendra,
  The high subscribed IPOs might be not alloted. As per the survey even we applied for each SME IPOs but till not no allotment to IPOWatch Team as well.
  Reply
What is the minimum bid(Step 2), Please explain. Is retail investor will not get the allotment of SME IPO??
Reply
1. Minimum bids means minimum shares. You should apply for shares worth only ₹15,ooo in each ipo. Your chances of getting allotment will not increase if you apply for ₹90,000 worth of shares from same account. Instead of this, you should invest those 90k from 6 different accounts to increase your chances.
  Reply
  1. Can single PAN no can apply from different account
    Reply
    1. No, One Pan One Application.
      Reply
      1. Dear sir
        if i apply with different account with different pan no. but the email no is same . what may be ?