Basis of Allotment (IPO)

Once the share allocation is finalized, the IPO basis of the allotment (BoA) document is published by the registrar to show the demand for the IPO shares. This document includes bidding information, the number of valid applications received, the total number of shares applied, the ratio of the allotment, and the number of shares allocated to the applicants. The document is published in lead news papers.

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Basis of Allotment (or Basis of IPO Stock Allocation) is a document published by the registrar of an IPO after finalizing the share allocation as per SEBI guidelines. The total bids received are combination of different categories i.e., Qualified Institutional Buyers (QIBs), Non-Institutional Buyers (NIBs), Retail, etc. Over subscription ratios are calculated for each of the categories against the shares reserved for particular categories in the offer document. Basis of allotment document is finalized according to the number of valid applications received, total number of share applied, ratio of the allotment and number of shares allocated to the applicants.

Answered on 2023-02-09