IPO Allotment Tips: The initial public offering (IPO) industry is booming these days, and the stock market is constantly seeing new public issues. Companies that list generate large profits for their investors. Vibhor Steel Tubes, which listed yesterday, made investors very wealthy with a bumper listing of 181 percent.
Vibhor Steel’s Remarkable NSE Debut
At the time of its NSE listing, Vibhor Steel was trading at Rs 425, up 181.46% from its issue price of Rs 151. Vibhor Steel saw a listing gain of 178.8% when it was listed on the BSE for Rs 421. Vibhor Steel Tubes investors have profited Rs 274 on each share traded on the NSE, and in a matter of days, they have profited millions on each lot.
In addition, a large number of recently listed businesses have also been successful in providing investors with large profits. In the first several months following their listing, a number of companies have provided returns that have ranged from 50% to 140%, as we have seen in recent months.
Decoding IPO Allotment
The CEO and Director of Retail Banking and Distribution of Prabhudas Lilladher, Sandeep Raichura, stated in an Economic Times article that the IPO allotment procedure is centred around the ability to allocate shares fairly in the event of an oversubscription.
Here Are Some Tips
Increase the Number of Applications:- If you have demat accounts for every adult member of your family, you can submit an IPO application in their names.
You Can Also Apply Through Child Demat Account:- You can open a kid demat account in your child’s name, and you can use this account to apply for an IPO investment.
Open Demat Account in the Name of HUF and Apply:- If it’s feasible, an investor may register a different demat account under the name HUF, or Hindu Undivided Family, and use that account to make IPO investments. It may be simple for you to obtain an IPO subscription from your HUF Demat account because HUFs are eligible to invest in IPOs in a variety of categories, including Retail, NII, HNI, and UHNI.
Disclaimer: This information is intended for general knowledge only. Any financial decisions should be made in consultation with a qualified professional. DNP News Network Private Limited is not liable for any financial losses incurred based on the information provided here.