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IPO allotment or "institutional account" group

A group promises guaranteed IPO allotments or discounted block deals through a special account that only exists on a fake app.

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How it works

You are added to a WhatsApp group of "stock market experts" that shares free tips, profit screenshots and talk of IPOs and block deals.
They offer guaranteed IPO allotments or discounted shares through an "institutional account", and ask you to install their trading app.
The app shows big profits on money you send to bank accounts they give, but when you try to withdraw, they ask for fees or tax and nothing comes back.

What it looks like

Example messages. Numbers and links are masked.

Our institutional account gets guaranteed allotment in every IPO. Download our app and deposit Rs 50,000 to start. Only 10 slots left today.

Your withdrawal of Rs 3,42,000 needs 20% service tax first. Pay to the account below to release your funds.

Red flags

Guaranteed IPO allotment or fixed returns
Trading app from a group, not a known broker
Deposits to personal or unknown company accounts
Fees to withdraw your own money
A "professor" or "mentor" running the group

The one question to ask

In a real IPO your money stays blocked in your own bank account, so why must you send it to theirs?

Already paid or shared details?

Do not pay any "tax" or "fee" to withdraw, as that money will also be lost. Call 1930 at once and file a complaint at cybercrime.gov.in with the app name, group details and every bank account you paid into. Check any broker or adviser on SEBI's list of registered intermediaries before investing again.

1930 · cybercrime.gov.in

Also seen as

Stock tips group with a fake trading app
"Pre-IPO" shares of a famous startup at a discount
Free trading class that leads to a paid "VIP" group

What people are saying

ScamBhai desk2026-10-25IPO allotment or "institutional account" group

A Hyderabad resident was contacted on Facebook with promises of high returns and added to a WhatsApp group named after a well-known brokerage. A man claiming to be its chief investment officer told him he could get IPO allotments through "institutional buyers" because he was a high net worth investor, and gave him so-called regulatory accounts for the payments.

Over about three weeks he paid…

From the ScamBhai desk, based on a news report: Deccan Chronicle, 18 Sep 2024 · Source

#StockMarketScam

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