Can someone please guide me towards allotment process in HNI category for SME IPOs. I understand it is completely lottery based in Mainboard IPO, but in SME IPO does applying 2 lot application has some probability of allotment in HNI or it just big application let's say 35 lots[30x subscribed] will get allotment only?
Final Verdict - Not going for this, current GMP do not support the fundamental valuations, I may go for Mandeep instead. Chances of allotment in all IPOs closing today, are tough, but given a choice, Mandeep looks better from fundamentals as well as chance of allotment matrix.