Before applying for the IPO, here are the key points you need to consider

IPO
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  1. It is recommended to apply for only one lot from one account during an oversubscribed IPO. Applying for multiple lots may needlessly block your funds for several days. Keep in mind that the maximum allotment you can receive is 1 lot, regardless of the number of lots you apply for. Applying for more lots does not increase your chances of receiving more than 1 lot.

  2. Never apply for two lots from two different Demat accounts using the same PAN number, as such applications will be canceled.

  3. Enhance your chances of allotment by opening separate Demat accounts in the name of each family member. This allows you to apply for 1 lot from each account, increasing the likelihood of getting allocated shares.

  4. In an oversubscribed IPO, it is advisable to apply at the cutoff price. Applying for an amount lower than the cutoff price may result in no share allotment.

  5. To avoid potential technical glitches on the last day, try to submit your IPO application before 2 PM. Sometimes, UPI requests may take time to process if left until the last minute.

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