Investing in an IPO can be exciting, but with popular IPOs, demand often exceeds supply (oversubscription), so getting allotment isn’t always easy. That’s why having the right strategy – and the right platform – matters.
Here’s how Stocko makes IPO applications simple and effective.
1. Place Up to 3 Bids
In book-built IPOs, companies set a price band (say ₹200-₹210) instead of a fixed price. SEBI lets you place up to three bids per application, which increases flexibility.
Example (lot size = 50 shares):
- Bid 1: 1 lot @ ₹205
- Bid 2: 1 lot @ ₹210 (cut-off price)
- Bid 3: 2 lots @ ₹210 (cut-off price)
The highest bid amount (here, 2 lots x ₹210) will be blocked in your bank. Allotment happens at the final issue price set by the company. If that price is within your bid range, your application is valid.
Multiple bids act as backups, but you’ll only get one allotment per PAN in the retail category.
2. Pre-Apply for an IPO
IPO windows stay open for three days, but last-minute rush often leads to glitches. Stocko’s Pre-Apply feature saves you that hassle.
How it works: Apply a day before the IPO opens. Your request is queued and automatically submitted when the IPO goes live.
Benefits:
- Skip the rush and network issues.
- Allotment chances remain the same (decided by lottery in case of oversubscription).
- Just enter your details + UPI ID, approve the UPI mandate when the IPO opens, and you’re done!
3. Modify Your Bid Anytime
Changed your mind? Stocko lets you tweak your bid during the IPO window (10 a.m.-5 p.m.).
- You can increase the bid price or quantity.
- You cannot reduce them or cancel once UPI mandate is accepted.
- If you increase the amount, you’ll receive a new UPI mandate request.
Example: If you first bid 1 lot @ ₹205, then upgrade to 2 lots @ ₹210, you’ll get a fresh mandate for the higher amount.
With features like multiple bids, pre-apply, and bid modification, Stocko makes IPO investing smoother and smarter. A little strategy with the right tools can improve your chances of allotment – and keep the process stress-free.
