I applied for 120 shares in Shareholder quota but only 38 shares have been allotted. Shareholder quota subscribed by 1.68 times only. Can any one explain the allotment criteria in shareholders category.
I got the message that INR 14240 has been raised by aditya birla & successfully executed by hdfc bank.But I there is no update on allotment status on upstox or anywhere else.
SDZ . IT IS LOGICAL THAT SH CATEGORY OVER SUBSCRIBED SO AS PER RHP QUOTA OF SH SHOULD NOT BE TRANSFERRED TO HNI BUT IT ACTUALLY HAPPENED. OTHERWISE HOW SH CATEGORY GOT ONLY 31% ALLOTMENT. I CONTACTED adity birla amc and they agreed to take up the issue .pl tweet to @MFBALA TO GET JUSTICE.
Just got failed payment massage in Bhim for my sbi account , what is mean I got share and only pyement got failed during tranjaction or my allotment rejected .
BIG GAME- It is clerarly mentioned in RHP that there is separate quota for share holders and they will get praposnate allotment. Now if oversubscribed 1.69 times how everybody in that category getting only 31.9% shares .How they take away shares from that category and give it to Hni particularly when it is oversubscribed?
They mixed all the shareholder applications less then 2 lacs with retail and more the 2 lacs with Hni category and then reinvented new oversubcription ratio for allotment. This is against the RHP and they dont have moral ground to play mischief. All shareholders are cheated and that''s why allotment to shareholders is less and that of Hni and retail is high.
I dont think they have mixed it but as i can see both less than 2 Lakh and above 2 Lakh applications got 31.66% of allotment of shares they have applied
but i guess we need to wait till Basis of allotment confirmation so we can know what happened exactly