How to Increase Your Chances of Getting an IPO Allotment
IPO allotment can feel like a lottery—especially when you’re eyeing a high-demand issue. But there are some practical strategies that can improve your chances. Whether you're new to IPO investing or have missed out in the past, here’s how to stack the odds a little more in your favor.
1. Use Multiple Demat Accounts (But Smartly)
- Apply using multiple individual accounts (friends or family can help).
- Make one minimum bid per account rather than a big application in one.
- For example, if an IPO is subscribed 6 times and you apply via 6 accounts, your chance of at least one allotment increases.
Just ensure each account has a unique PAN and is eligible under the retail investor category.
2. Stick to Minimum Bids Only
- SEBI’s rules ensure that all retail investors get equal allotment priority—regardless of how big their application is.
- Applying for just one lot (minimum bid) is usually enough.
- This lets you spread your funds across multiple IPOs, improving your overall chances.
3. Vary the Application Numbers
- Try to apply using different UPI IDs or bank mandates for each account.
- Avoid repeating the same UPI number across multiple applications.
- A little randomness might help you dodge technical rejections or clustered rejections.
4. Always Choose the Cut-Off Price
- When applying, select the “Cut-off” option or bid at the upper end of the price band.
- It tells the company you’re okay with whatever price they finalize.
- Bidding below the cut-off? You risk being left out completely.
5. Don’t Wait Till the Last Minute
- High server loads from HNIs and institutional buyers can clog up systems.
- Banks may slow down or UPI mandates might fail.
- Apply on Day 1 or 2 to avoid last-minute tech issues.
6. Double-Check Your Details
- Ensure your DP ID, PAN, name, account number, and UPI are correct.
- Avoid typos—especially in mobile numbers linked to UPI.
- Use the ASBA option (via net banking) if you want a more reliable route.
If you’re filling forms manually, ask your bank for printed ASBA forms. They're a safe and secure way to apply.
Final Thoughts
Getting IPO shares isn’t guaranteed, but a few smart steps can seriously improve your chances. Spread your bids, play it safe with your info, and don’t skip the cut-off price.