Why I don't get IPO allotment?

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You may not receive an allotment because a large number of shares have been oversubscribed. In such cases, the allotment is based on a computerized lottery system.

Apart from oversubscription, there are several other reasons why you may not receive an allotment.

Submission of an invalid application with some spelling mistakes, invalid DP ID, PAN, UPI ID, etc.
Submission of multiple bids using the same PAN number.
Submitting a bid at a price lower than the final issue price.
UPI mandate not approved within deadline.
Due to last minute application, the bid may not have been uploaded.

Topic: IPO Allotment Feedback

2 Comments

2. Suresh

| Link|May 22, 2024 9:15:40 PMReply

I applied nearly 5-8 IPOs,but never got allotment...it's just some game is ther

1. Abhishek Kumar

| Link|April 27, 2024 1:17:57 AMReply

Main first din hi aaply kiya tha Emmforce Autotech ltd me aaply kiya tha

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