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How many lots to apply in oversubscribed IPO?

Zerodha (Flat Rs 20 Per Trade)

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It is good to apply for one lot or a little more in an oversubscribed IPO.

It does not make sense to apply for larger amounts thinking you'll get more lots, because that would mean blocking larger amounts. On the other hand, it is best to place bids for smaller lots through different accounts of friends or relatives to increase your chances of getting an allotment.


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