Query regarding IPO allotment

Suppose if IPO gets oversubscribed and I select the cutoff price in Zerodha IPO portal and choose the 3 as lot size in respective given 3 bids field.

Does choosing more than 1 lot reduce the chances of allotment in case of oversubscription?

Or is there a possibility that I might receive just 1 lot even though I bid for 3 lots.

There is no such thing that might reduce or increases the chances of getting an allotment.

Yes, you might apply for 3 lots but can get an allotment for 1 lot.

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This might help resolve your query

Thanks Kalpesh

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