What are my chances of getting an allotment if I apply for an SGB issue?
Your chances of securing an allotment when you apply for a Sovereign Gold Bond (SGB) issue through FYERS are generally very high. Unlike equity IPOs, SGB issuances are rarely oversubscribed and typically allot all valid applications.
Key factors that ensure allotment
- Timely application:
Submit your application before the issue closing date. Late submissions may not be processed. - Active Demat account:
You must have a functional and correctly mapped Demat account with FYERS to receive the allotted bonds. - Sufficient funds:
Ensure your FYERS trading account has adequate funds at the time of application to avoid rejection.
What if...
| Scenario | Resolution |
|---|
| You miss the subscription deadline | Wait for the next SGB tranche, which typically occurs every 2–3 months. |
| You apply but don’t see allotment | Check if your funds were debited and verify your Demat details. Contact FYERS support if needed. |
Set a calendar reminder during the SGB subscription window to ensure timely participation and reduce the risk of missing out.
Last updated: 26 Jun 2025
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