In other demat accounts, IPO application is specified as upper amount in price band. Whereas in dhan it is observed that lower price band amount is specified. This may be the reason that I did not get allotment on applied through dhan. Am I right?
Hi @Kondaveedu
Welcome to the Community.
The minimum bid amount displayed is to help understand the minimum investment required. However, when placing a bid, the cut-off price is selected by default, which corresponds to the upper limit of the price band.
Please note that IPO allotment is managed by the RTA and follows process set by them. You can refer to this process for better insights on increasing your chances of allotment.
Thank You,
Mahima
Product @ Dhan
Got it…Thank you…