10 strategies that could potentially increase your chances of getting an IPO allotment

Open a Demat Account in Advance: Ensure you have a Demat account ready with a reputed broker well before the IPO date. Some IPOs give preference to existing customers of certain brokerages.

Apply with Multiple Accounts: Apply for the IPO through different family members or by using multiple Demat accounts to increase your chances. However, this might involve a higher investment.

Check for Employee Quota or Special Categories: Some IPOs have reserved quotas for employees, existing shareholders, or specific categories. If you belong to any such category, you might have higher chances of allocation.

Apply for Minimum Lots: Applying for the minimum number of lots might not significantly increase your chances but could allow for a higher number of applications across various IPOs.

Follow Renowned Analyst Recommendations: Consider applying for IPOs that are highly recommended by renowned analysts. This can give you an idea of the potential demand for the IPO.

Track Subscription Numbers: Monitor the subscription numbers during the IPO period. If an IPO is heavily oversubscribed, it might increase your chances of getting an allotment.

Apply for IPOs with Lower Hype: Some IPOs gain immense popularity, leading to oversubscription. Look for IPOs with good fundamentals but lesser hype, which may have relatively fewer applications.

Research Company Prospectus: Analyze the company's prospectus to understand its business model, financials, growth prospects, and industry trends. It will help you make informed decisions.

Stay Updated with Market Trends: Keep an eye on the market sentiment, trends, and news related to upcoming IPOs. Market conditions can impact subscription and allotment.

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Use ASBA Facility for Application: Opt for the ASBA (Application Supported by Blocked Amount) facility while applying for IPOs. This ensures that the application amount remains blocked until the allotment process is completed.