{"id":11578,"date":"2026-05-16T05:05:11","date_gmt":"2026-05-16T05:05:11","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?p=11578"},"modified":"2026-05-12T08:00:12","modified_gmt":"2026-05-12T08:00:12","slug":"ipo-allotment-process-and-tips","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/ipo\/ipo-allotment-process-and-tips\/","title":{"rendered":"How IPO Allotment Works and How to Increase Your Chances"},"content":{"rendered":"
\"How<\/figure>\n\n\n

IPO allotment, who gets shares and who does not, is one of the most common questions from first-time IPO applicants. The process is computerised, transparent, and SEBI-regulated. Here is exactly how it works and what you can do to maximise your chances.<\/p>\n\n\n\n

Why Don’t You Always Get IPO Shares?<\/strong><\/h2>\n\n\n\n

When an IPO is oversubscribed, meaning demand exceeds supply, not everyone who applies gets shares. For the retail category (RII), allotment is done via a computerised lucky draw. Unlike the NII (HNI) category where larger bids get proportional allocation, every retail application for 1 lot has exactly the same allotment probability regardless of bid size.<\/p>\n\n\n\n

Investor Category Quotas<\/strong><\/h2>\n\n\n\n
Category<\/strong><\/th>Quota<\/strong><\/th>Who Applies<\/strong><\/th>Allotment Method<\/strong><\/th><\/tr><\/thead>
QIB<\/td>50% of issue<\/td>Mutual funds, FIIs, banks, insurance companies<\/td>Proportional to bid size<\/td><\/tr>
NII sHNI<\/td>5% of total issue<\/td>HNIs: Rs.2 lakh to Rs.10 lakh applications<\/td>Lottery among applicants (since 2022 SEBI change)<\/td><\/tr>
NII bHNI<\/td>10% of total issue<\/td>HNIs: above Rs.10 lakh applications<\/td>Lottery among applicants<\/td><\/tr>
RII Retail<\/td>35% of issue<\/td>Individuals up to Rs.2 lakh total<\/td>Lottery, 1 lot or 0 lots per applicant<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The Retail Allotment Process Step by Step<\/strong><\/h2>\n\n\n\n
    \n
  1. IPO closes, all applications are compiled by the registrar (KFintech or Link Intime)<\/li>\n\n\n\n
  2. Total valid retail applications are counted<\/li>\n\n\n\n
  3. Maximum allottable lots = Total retail shares \/ Lot size<\/li>\n\n\n\n
  4. If applications <= maximum lots: everyone gets 1 lot (undersubscribed)<\/li>\n\n\n\n
  5. If applications > maximum lots: computerised lottery runs, each application = 1 entry<\/li>\n\n\n\n
  6. Results published, allotment date is typically T+6 from IPO close<\/li>\n<\/ol>\n\n\n\n

    5 Ways to Increase Your IPO Allotment Chances<\/strong><\/h2>\n\n\n\n
      \n
    1. Apply from multiple demat accounts, one per family member with different PAN. Each application = one lottery entry. 4 family members applying = 4x better odds.<\/li>\n\n\n\n
    2. Always apply at cut-off price, never bid below the top of the price band. Cut-off ensures your application is valid at the final issue price.<\/li>\n\n\n\n
    3. Apply on Day 1 or Day 2, avoid the last day rush when UPI systems get overloaded and applications fail due to technical errors.<\/li>\n\n\n\n
    4. Ensure your bank account has sufficient funds, mandate failures due to insufficient balance are one of the most common rejection reasons.<\/li>\n\n\n\n
    5. Apply via ASBA through your bank’s internet banking as a backup if UPI fails, ASBA is more reliable for large-value applications.<\/li>\n<\/ol>\n\n\n\n

      What Happens After Allotment<\/strong><\/h2>\n\n\n\n
        \n
      • Allotment status published on registrar website (KFintech \/ Link Intime) and BSE<\/li>\n\n\n\n
      • Shares credited to demat account by T+1 after allotment date<\/li>\n\n\n\n
      • Unblocked\/refunded funds returned to your bank account within 1-2 business days<\/li>\n\n\n\n
      • Listing on NSE\/BSE typically on T+6 from IPO close date<\/li>\n<\/ul>\n\n\n\n

        FAQs<\/strong><\/h2>\n\n\n
        \n
        \n
        \n

        Can I apply for more than 1 lot to increase chances?<\/strong><\/h3>\n
        \n\n

        In the retail category, 1 lot and the maximum (Rs.2 lakh worth) have IDENTICAL allotment probability. Apply for 1 lot unless you have a specific reason to apply for more.<\/p>\n\n<\/div>\n<\/div>\n

        \n

        What is a valid application?<\/strong><\/h3>\n
        \n\n

        An application with correct PAN, valid demat account number, cut-off price selection, and UPI mandate approved within the window.<\/p>\n\n<\/div>\n<\/div>\n

        \n

        Can I cancel my IPO application?<\/strong><\/h3>\n
        \n\n

        Yes, until the IPO closes. After closing, cancellations are not allowed.<\/p>\n\n<\/div>\n<\/div>\n

        \n

        What if my UPI app crashes during mandate approval?<\/strong><\/h3>\n
        \n\n

        Try again immediately. UPI mandates can usually be approved multiple times until the IPO subscription window closes. Also check the BHIM app as an alternative.<\/p>\n\n<\/div>\n<\/div>\n

        \n

        How many days after IPO close is listing?<\/strong><\/h3>\n
        \n\n

        Currently T+6 trading days from IPO closing date for mainboard IPOs. SME IPOs may take slightly longer.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

        IPO allotment, who gets shares and who does not, is one of the most common questions from first-time IPO applicants. The process is computerised, transparent, and SEBI-regulated. Here is exactly how it works and what you can do to maximise your chances. Why Don’t You Always Get IPO Shares? When an IPO is oversubscribed, meaning […]<\/p>\n","protected":false},"author":15,"featured_media":11582,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-11578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/11578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/comments?post=11578"}],"version-history":[{"count":2,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/11578\/revisions"}],"predecessor-version":[{"id":11584,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/11578\/revisions\/11584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/11582"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=11578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=11578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=11578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}