@rohiitian @PLAZA I meant the same thing when I said "reach 300+ lots", 300+ lot application from a single account only.
With this one is secured to get good allotments till 600x (comparatively easy lottery).
With the subscriptions going up though, 300 lots are likely to fetch only big IPOs (80Cr+ size)
Getting allotment in medium and smaller ones would still be a lottery.
Putting up some numbers
Capital Required - 4.5 Cr approx
Interest Earned (at 6.5% average) ~ 30 lakhs
Profit required to make 20% (90 lakhs) on investment (pre-tax) ~ 60 lakhs
Not sure if this target is achievable every year.