Shreyaa Kapoor Instagram – IPO listing gains are often times INSANE! 😅
But most of us never get the allotment – unfortunately!🙃
Well, just to increase the chances of getting one, I am sharing my top tips. Ofc, nothing is sure-shot but these steps increase the probability that you get an allotment! 🍾
1) Multiple Demat accounts: While you can submit one application per PAN number, friends and family can help! Apply using the Demat of everyone in your circle!🪴
2) Parent company: Not true for all IPOs but IF the subsidary company already has a parent company that’s listed – get the shares of the parent company. 🌱
3) Cut off price: Investors often mistake the bid price for the cut-off price. The ‘cut-off price’ reflects an investor’s acceptance of the final company price established through the book-building process. By choosing this option, you’re bidding at the highest price band.💯
4) Apply timely: To maximise your chances of a successful IPO subscription, it’s advisable to apply on the initial or second day rather than waiting until the last moment.🌟
5) No big application: As per the SEBI rules, retail investors will get the allotment of the minimum shares in all the bids from minimum to maximum. So got for minimum big. For the oversubscribed IPOs, one should go for minimum bids with multiple accounts. That will help you to invest spare money in multiple IPOs as well.🫡
Save this for the upcoming IPO season!🙌🏼
.
.
[IPO, investment, personal finance, investing tips, share market, personal finance, finance tips, investing, stocks] | Posted on 25/Jul/2024 19:00:10
