The SEBI Rule for Retail Investors

In cases of oversubscription, SEBI rules mandate that as many retail investors as possible should get at least one minimum lot.

The Lottery System

When the number of applicants exceeds the available lots, a computerized lottery is triggered. Applying for 10 lots in a single retail account does NOT increase your chances more than applying for 1 lot if the IPO is heavily oversubscribed.

Better Strategies

• Apply via multiple family accounts.
• Ensure your UPI mandate is approved before the deadline.
• Avoid applying in the last 2 hours to prevent technical glitches.