Table of Contents
Does applying for multiple lots help in IPO?
No. You cannot apply in an IPO through multiple applications with the same name. If an investor tries doing it, then all the applications made under the same name will be rejected.
Can I apply 2 times for same IPO?
No, one person cannot apply multiple times through multiple applications for an IPO. It’s a rule and if you apply in an IPO though multiple applications with same name or same demat account or same PAN Number, all of your application will be rejected.
How many lots can we get in IPO?
SEBI or Securities and Exchange Board of India mandates that at least one lot should be allotted to every individual who has applied. Thus, 10,000 investors will be allotted at least one lot.
Can we apply IPO in night?
The bidding for IPO shares at the stock exchange is open from 10 AM to 5 PM when the IPO is open for the public. But most banks do not accept IPO bids on the last day till 5 PM.
Can I buy IPO on Sunday?
Yes, you can apply for an IPO application on Sunday as well but through an online application.
Can I apply for more than one lot in an IPO?
IPO will get oversubscribed multiple times in retail category. In that case no matter how many lots you have applied, you will get maximum of one lot and that too in a lottery system based on how many times IPO subscribed in retail category. So you should not apply for more than one lot in a good issue which is expected to oversubscribed heavily.
What happens if IPO gets oversubscribed multiple times?
There are two possible scenarios: 1. IPO will get oversubscribed multiple times in retail category In that case no matter how many lots you have applied, you will get maximum of one lot and that too in a lottery system based on how many times IPO subscribed in retail category.
What is the maximum amount of shares allotted in an IPO?
Under the current guidelines, no allotment is less than the minimum bid lot size. Maximum RII Allottees = (Total number of shares available for RIIs)/Minimum bid lot Practically speaking, investors can only hope to get a single lot in oversubscribed IPOs.
What to do if there is too much demand for IPO?
As one can sense, there is not much that investors can do if there is too much demand for IPO shares. Nevertheless, there are ways to avoid the pitfalls and optimize the allotment results. Here are some simple ways to increase IPO allotment chances: