IPO Allotment Is a Lottery

Your massive IPO application doesn't guarantee you a single share. The system is actually

rigged to treat every retail investor equally, no matter how much cash you splash.

Here is the deal. When a hot IPO like IRCTC gets oversubscribed, the registrar doesn't care if you bid

for ten lots or just one. Their first job is to give every single applicant

one minimum lot. If there are too many people and not enough shares, it turns into a

literal lottery system. A computer randomly picks who gets in and who stays out.

So stop overthinking your bid size because getting rich on IPOs is basically just winning a raffle.