RIL: Is the ‘Reliance” on ‘Jio’ Justified?

In both the IPOs I applied in both retail (applied 1 lot)and shareholder category (applied for 2 lakhs) from the same PAN.

1. Tata technologies – got in retail category 1 lot.
2. Bajaj housing finance – got in shareholder category that too only 1 lot. It looks like no point in applying for 2 lakhs.

If there’s oversubscription the max an applicant will get is 1 lot.

PS: getting allocation in IPO is pure luck. No skill needed. No amount of money can move it in your favour.