To buy more than 1 lot in an IPO, you can follow these steps:
Open multiple demat and trading accounts.andnbsp;This is the most common way to increase your chances of getting allotted more shares.andnbsp;Each demat and trading account will be considered as a separate individual application.
Apply for the IPO through multiple brokers.andnbsp;This is another way to increase your chances of getting allotted more shares.andnbsp;Each broker will submit your application separately,andnbsp;which will increase your chances of getting allotted shares.
Use multiple ASBA accounts.andnbsp;An ASBA (Application Supported by Blocked Amount) account is a bank account that is linked to your demat account.andnbsp;When you apply for an IPO through an ASBA account,andnbsp;the amount of the IPO is blocked in your bank account.andnbsp;This ensures that you have enough money to pay for the IPO if your application is successful.
Apply for the IPO in the retail category.andnbsp;The retail category is reserved for individual investors.andnbsp;The allotment ratio for the retail category is usually higher than the allotment ratio for other categories,andnbsp;such as the institutional category.
Apply for the IPO at the cut-off price.andnbsp;The cut-off price is the highest price at which investors are willing to buy shares in the IPO.andnbsp;If you apply at the cut-off price,andnbsp;you are more likely to get allotted shares.
It is important to note that there is no guarantee that you will be allotted more shares even if you follow all of these steps. The allotment of shares in an IPO is based on a lottery system. However, following these steps can increase your chances of getting allotted more shares.
Here are some additional tips:
Avoid applying for the IPO at the highest price band.andnbsp;This is because the chances of getting allotted shares are lower at the highest price band.
Apply for the IPO through a reputable broker.andnbsp;This will ensure that your application is processed correctly and submitted on time.
Monitor the IPO news regularly.andnbsp;This will help you to stay up-to-date on the latest developments and to make informed decisions about your IPO application.