RBL Bank Ltd IPO Message Board (Page 7)

Hi Nani,

The allotment is mere a luck based on lottery.
Upto RBL , I was using ICICI Direct(ASBA). Sometime I used to get allotment and sometimes not.

For the very first time in RBL, I applied using SBI ASBA for 6 lots and got alloted one.
You may check the allotment basis of RBL after sometime on the pattern of lottery applied per lot size.

As most of the members mention here, to increase allotment you need to apply one or two lots in more number of accounts(get one account per family person) than a single application. Since for the oversubscribed IPOs like this.. allotment will be mere luck. Post release of allotment basis you''ll get to know the details.

Please look at the basis of allotment of "Advanced Enzyme" , for all category of lot size (min 16 to Max 208) only 23 got the allotment out of 177.
Only 23 is luck and 177 are unlucky, Approximately Only 13% of total applicants received only one lot.

Even if it is listing at Rs. 75 Premium, the max amount you would be missing on listing day is Rs. 4875.

If you believe in RBL''s growth, you can start buying in small chunks post listing.. Who knows sometimes you may get the best price than the allotment price (think of 2008/2009).

I was very happy when I was allotted Reliance Power, NHPC, Coal India, MCX. Now you know where are they from the allotted price.

Those who got alloted are just lucky this time.. But allotment is not the end of RBL, it is just begining. So do your own due diligence and buy it tomorrow.

All the best.
Hope I gave some clarity to you and think of next steps.

For getting allotment. Just put a single lot instead of maximum

i applied 2 got 1. do not apply in single application . break into number of applications and u will definitely get some

Apply one lot only

I Got 2 out of 5 Applied from SBI ASBA, Apply only for 1 Lot they preferred small investor first

Hi Prabakaran,
Thanks for you reply and I must appreciate your patience.

Like you said, IPO allotment is mere luck.. I agree.
For RBL, I applied for 13 lots and got NONE.
Not only RBL, in the last 6 IPO applications, I haven''t got a single one.
I may be most unlucky fellow, for all the IPOs. But, I just doubt SBI ASBA services.

Anyway, you are saying you used SBI ASBA service this time and got one.
That reduced my suspicion on SBI ASBA service, little bit.