It is important to understand that IPO allotment is not guaranteed, as it is based on demand and a lottery system regulated by SEBI. No platform, including Lakshmishree, can guarantee allotment.
However, you can follow these tips to increase your chances of getting an allotment:
- Apply for the IPO in multiple family members' names: Since retail investors get allotment through a lottery, applying from different PANs can improve the probability of at least one getting an allotment.
- Bid at the cut-off price: Always select the cut-off price option while bidding to ensure your bid is considered at the final price decided by the company.
- Use multiple demat accounts: If you have multiple family members with demat accounts, applying from each account in the retail category can improve chances.
- Avoid last-minute applications: Bidding early can help avoid technical issues like UPI mandate failures.
Since IPO allotments are based on oversubscription levels, even following these steps does not guarantee an allotment, but it maximizes your chances.