I applied for 13 lots under retail from Zerodha(via Gpay upi, hdfc bank). But I am not allotted any shares. Why? I thought retail oversubscription was around 10, and hence I was guaranteed atleast one lot since I had applied for 13 lots. How can I check the reason for non-allotment?
If you had applied 1 lot then also you would have got 1 lot and if you were lucky enough this time with 13 lot application then also you would have got only 1 lot. Retail portion was oversubscribed 10+ times, so max 1 lot can be allotted to every successful applicant
For an oversubscribed IPO, Its doesn't matter if you apply for 1 or more from same PAN card. If you want to increase your chances of allotment, apply it from different Demat accounts(Different PAN holders not same)