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Scam library

The IPO allotment “balance”

“Your IPO allotment is confirmed, pay the balance to receive shares.”

What it looks like (invented example)

IPO allotment confirmed ✅ Pay ₹15,000 balance to grey-market agent to receive shares.

How it works

  1. 1

    Messages target people who recently applied for an IPO.

  2. 2

    A fake agent asks for a “balance” or “grey-market premium”.

  3. 3

    The money goes to a personal account.