IPO alert: 5 ways implementing which you can increase your IPO allotment chances
IPO allotment is in itself a process which can help you build wealth in due course of listing and holding the stock.
Amid record frenzy in the primary market given the record public issues being open for the retail investor class, there is also disappointment as allotments are not being made against the bids made. So, while the allotment is based on a number of factors such as the bids received from investors.
There are a few ways which can be implemented to improve chances of allotment:
IPO allotment: Do not make multiple bids in 1 name
Retail investors can improve their allotment chances by avoiding multiple bids in single name.
IPO allotment: Applying at the higher price band can do more good
While employees, retail investors are allowed to make application at the cut-off price implying that they need not specify the price, participants can be still safer if they opt for the higher band.
IPO allotment: Be extra cautious when entering details for making IPO application
The details such as DP ID, PAN card and other UPI ID etc. need to be entered correctly for avoiding any chances of rejection.l
IPO allotment: Make sure your UPI mandate is cleared in due time
Any non-conformance of the same will also lead to IPO application rejection.
IPO allotment: Do not wait for the list minute when making IPO application
Always try to apply for the IPO as early as possible as it may also increase your chances of getting the shares via the IPO route.