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

8 Comments

8. GOEL

| Link|September 30, 2024 12:02:29 AMReply

I applied for more than 100 IPO but did not get even a single IPO. My account, wife acount using ALL ANGLE ONE, PAYTM, MOTILAL, ZERODHA,

7. terence monteiro

| Link|September 27, 2024 2:22:23 PMReply

Some internal fraud going on in IPO. I also applied through ICICI direct but do not get even one allotment.

6. arun

| Link|September 24, 2024 9:10:38 AMReply

from last 1.5 months , me and my wife would have applied to more than 15 IPO ..
but none of us are allocated .
we use zerodha and paytm .

this is 1st time we are seeing this . even with worst probability we should have got at least one .

5. Chera

| Link|September 13, 2024 8:54:36 PMReply

Even i tired with 2 PAN accounts. We tried 10+ ipo each accounts. Till none of them allocated. My friends and family tried and getting at first time of apply

4. Bahrtis

| Link|August 9, 2024 9:02:06 PMReply

I had applied for Ola Electrik 5 times of its bid price though the issue was little oversubscribed, and had bad market reviews. Still I didn't get any allotment, why?

3. Anonymous

| Link|July 9, 2024 8:03:58 AMReply

Anyone got allotted for either Emcure or Bansal? Always it's the trend that no allotment. Can anyone share best strategy to get alloted?

3.1. Vishal

| Link|July 13, 2024 11:01:16 AM

I did get one allotment in Bansal.

2. Suresh

| Link|May 22, 2024 10:15:40 PMReply

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

2.1. Sulinder Sharma

| Link|July 10, 2024 12:34:36 PM

Samer here i applied for 8-10 ipo's recently but no allotment. weird its always getting no allotment. now again waiting for one more ipo update Ganesh Green bharat ipo. i apply directly thru ZERODHA and i dont guess any mistake in any details while application as all details come pre filld in zerodha.

1. Abhishek Kumar

| Link|April 27, 2024 2:17:57 AMReply

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

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