@Seth. @Mogambo ka Bhateeja Don't be disappointed if you are not getting IPO allotment
Some Eye opening facts about IPO.
1) Applying IPO is the easiest thing in the whole world with no risk.
2) If you get only one IPO allotment in the Financial year 2023-24 then you will earn approximately 8,000 rs
3) To earn 8,000 rs via Fixed deposit you need to make a FD of 1,20,000 Rs in Bank.
Example SBI (1,20,000 *6.80 %) = 8160 Rs in the whole year
4) Some people will say our money gets stuck (Blocked) while applying IPO (we can't make FD) and we lose that 6.80% of FD & it's our loss so let's clear it too.
5) All banks require a minimum balance in their Saving Account.
For example X person has 3 bank accounts of this 1) own, 2) his Father and 3) his Mother
all accounts need to maintain minimum balance and he has 15,000 rs in each account.
So he can apply 3 Lot easily that can be of the same IPO 3 lot or different 3 IPO with minimum balance.
6) Keep applying IPO,
Make it a Habit with no expectation and you will get Reward of it.कर्मण्येवाधिकारस्ते मा फलेषु कदाचन। मा कर्मफलहेतुर्भूर्मा ते सङ्गोऽस्त्वकर्मणि॥
अर्थ: कर्म पर ही तुम्हारा अधिकार है, कर्म के फलों में कभी नहीं... इसलिए कर्म को फल के लिए मत करो।