How to boost your chances of getting IPO allotment? Tips from Anil Singhvi

ZeeBiz Desk

Feb 12,2024

Many investors apply for IPOs, but a few receive shares. This is mainly because the demand is high many times.

If you also apply for an IPO, try these tips to boost your chances of getting the IPO allotment.

Here is what Zee Business managing editor Anil Singhvi suggests:

How many lots should you apply for?

Apply only one lot of shares instead of two or more in an IPO if there is a possibility of a huge subscription.

Apply through another person's account

If you want to apply for more than one lot (more than Rs 15K), you should do so in the name of family members.

Multiple applications from one PAN

If you are applying multiple times for a single IPO using the same PAN, your applications might get cancelled.

Shareholder & employee quota

One should also try to apply through shareholder or employee quota to get an IPO allotment.

IMAGE: PIXABAY & FREEPIK

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