It is not possible to ensure the allotment of any IPO, be it of Sigachi Industries or any other. In case of oversubscription, which is a regular affair, shares are distributed using a lottery system. Thus, it is not possible to ensure the allotment of any IPO.
However, you should keep in mind that the Angel One platform only permits you to apply for an initial public offering, but it does not offer any guarantee regarding allotment.
However, you can improve your chances by following some tips –
●Using a Demat Account linked with your PAN
●Applying at the cut-off price
●Confirm that your bank account and UPI ID are linked through a single PAN, and failing to keep that can lead to rejection. For instance, person X has applied for the Shriram Properties IPO via his Demat Account but person Y’s UPI ID. In such cases, the application can get rejected due to –
●Person Y’s UPI ID is not linked with X’s PAN
●Person X’s Demat account is not linked with Y’s bank account