How Many IPOs Can I Apply For?
There is no restriction on the number of different IPOs you can apply for simultaneously. You can apply for multiple IPOs that are open at the same time, each from your own demat account. However, you can submit only one application per IPO per PAN number. If you submit multiple applications for the same IPO from the same PAN, all applications are rejected. Managing applications from multiple family members' accounts (each with different PANs) is a legitimate way to increase allotment probability.
Rules on Multiple Applications
- One PAN = One application per IPO. Duplicate PAN applications are rejected in full.
- Multiple family members (spouse, parents, adult children) can each apply separately for the same IPO using their own PAN and demat accounts.
- Each individual application is treated as a separate lottery entry in the retail category.
- Each applicant must have their own bank account, demat account, and UPI ID.
Applying for Multiple IPOs Simultaneously
When multiple IPOs are open for subscription at the same time (which often happens during active primary market periods), you can apply for each of them separately. Each application uses ASBA (Application Supported by Blocked Amount) to block the required funds in your bank account. Ensure your bank account has sufficient balance to cover all blocked amounts across all applications simultaneously.
Maximum Application Per IPO
| Category | Maximum Application Value |
|---|---|
| Retail Individual Investor (RII) | Rs 2,00,000 per IPO |
| Non-Institutional Investor (NII) - Small | Rs 2,00,001 to Rs 10,00,000 |
| Non-Institutional Investor (NII) - Large | Above Rs 10,00,000 |
| QIB | No upper limit |
Strategy for Maximising Allotment Across IPOs
- Select IPOs with strong fundamentals and reasonable valuations.
- Apply from all eligible family members' accounts for high-conviction IPOs.
- Apply at cut-off price for all applications.
- Ensure sufficient funds are available in each account to cover ASBA blocking.
- Track allotment results promptly to plan listing day decisions.
Key Takeaway
You can apply for as many different IPOs as you wish simultaneously; the only restriction is one application per PAN per IPO. Applying from multiple family members' accounts for the same IPO is the most effective way to improve allotment chances in oversubscribed offerings. Use the Lemonn app to monitor multiple IPOs, track their subscription levels, and manage your IPO applications efficiently.
