I applied at the cut-off price for an IPO the first day of issue morning time, but I'm not usually allotted shares. Please tell me what I should do and what I should follow.
A first-come-first-serve basis doesn't work on allotment,so your timing also doesn't affect the application. These are some things you can do in order to increase your chances of being allotted shares in an IPO.
- Complete the IPO application form correctly. Many applications are rejected because of technical errors.
- Always apply at a cut-off rate when you are dealing with book building. To retail investors only this facility is provided.
- Ask your family members for help in applying for the IPO. Your family members will have a greater chance of being allotted because they are chosen based on lottery. To apply, family members must have a PAN or a demat account.