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Why I never get IPO allotment?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

You may not be getting IPO allotment on account of below reasons:

  • Heavily oversubscribed IPO.
  • Multiple IPO applications made using the same PAN, Demat.
  • Failure to approve UPI mandate request.
  • Incorrect IPO application.