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Why I never get IPO allotment?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

You may not be getting IPO allotment on account of below reasons:

  • Heavily oversubscribed IPO.
  • Multiple IPO applications made using the same PAN, Demat.
  • Failure to approve UPI mandate request.
  • Incorrect IPO application.

1 Comments

1. Indian   I Like It. |Report Abuse|  Link|February 22, 2024 6:12:55 PMReply
Apply through any brokerage houses.Dont apply on your own using online banking. There is a strong lobby among brokerage houses and bse/nse. The allotment process ignores applications made by individuals on their own using a unique prefixes assigned to the application number. if you apply on your own using online banking platform, only loss making ipo you get alloted.