IPO Code Decoded:  Many investors apply for IPOs but only a handful of them get shares allotted to them. Don't be disheartened if this has happened to you too. Is there anything investors can do to increase their chances of getting the allotment of shares in an IPO? Market wizard and Zee Business Managing Editor Anil Singhvi has shared a few tips that can increase your chances of winning shares in an IPO.

How to get allotment in an IPO

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According to market guru Anil Singhvi, if there is a possibility of a huge subscription in an IPO, then one may consider applying for only one lot of shares.

It means that you should invest only up to Rs 15,000 in the retail category, and use the remaining amount when applying in the name of family members.

However, one must keep in mind that applying for an IPO too many times with the same PAN card will get all the applications cancelled, says Singhvi.   

So don't spoil your chances by applying with the same PAN card.

This trick can also be useful

For a good IPO, different family members should apply with their respective PAN cards, Singhvi points out. 

Apart from this, if there is a shareholder or employee quota in the public issue of the company, one may apply through that category as well.

But even after using these tactics, if you are unable to get the allotment in an IPO, then don't get disappointed and wait for the next issue.

These are some effective tips that can increase your chances of getting an IPO allottment.