Want to increase your chances of securing coveted IPO shares? Look no further! Our expert guide reveals the secrets to maximizing your IPO allotment.
Key Strategies:
Leverage the Shareholder Quota
As a shareholder in the parent company, you gain priority access to IPO allotments. Even a single share can significantly boost your chances. Certain allotments in the shareholder category are made on proportionality, here you can subscribe for multiple lots. Some of the IPO's which will come up and generate considerable interest are Herofincorp (HeroMotors), NTPC Greens (NTPC) TATA EV (TATA Motors), ONGC Green (ONGC), Jio & Reliance Consumer (Reliance Industries)
Avoid Last-Minute Rush
Don't wait until the deadline. Apply for IPOs early to avoid potential technical glitches and ensure you're in the queue
Multiple Applications, Multiple Opportunities
Consider applying through multiple accounts, (One Pan only Per account) both personal and family members', to increase your odds of allotment.
Strategic Bidding:
Understand the difference between bid price and cut-off price. Bidding at or above the cut-off price ensures you're eligible for allotment, even if the final price is lower.
Avoid Excessive Bidding
For oversubscribed IPOs in the retail category focus on multiple smaller applications rather than a single large one. This strategy increases your chances of securing allotments in more IPOs.
Additional Tips:
Fill in Application Forms Accurately: Double-check all details to prevent technical rejections.
Stay Informed: Keep up-to-date with IPO announcements and market trends to make informed investment decisions.
I invite your insights into your own IPO allotment strategies. Let's foster a community of knowledge and success together
As Always Stay Informed, Invest Wisely
About The Author:
Stay Informed With Sanil
Take the first step in Giving Wings To Your Financial Dreams
Greetings! I am Sanil, the man behind the inception of Wiremesh back in 2010. I have proudly graced the pages of Silicon Magazine’s prestigious list of Ten Most Promising Investment Planning Companies in 2018. Prior to founding Wiremesh, I have worked with renowned global BFSI giants such as HSBC and Barclays, channeling my expertise to assist them in expanding their horizons and generating substantial wealth for my esteemed business verticals. Together, we have ventured into realms where success knows no bounds, and the rewards reaped have surpassed even the wildest dreams.
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