Here are some common reasons:
- Oversubscription: If more applications are received than available shares, your chances of getting shares reduce. You will get shares only if your application is selected in the lottery.
- Lottery Process: In oversubscribed IPOs, shares are randomly allotted, and your application might not have been picked.
- Multiple Applications from the Same PAN: SEBI allows only one application per PAN. Multiple applications using the same PAN can lead to rejection.
- Incorrect Application Details: Errors like mismatched name in PAN or bank details can cause disqualification.
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