Dear
@FerroS First I will answer you question i correct the typing error Mr
@kishenharendra If you alloted in SHNI they you will get 15 lots not 14 lots
Each category now a day is based on lottery whether it is RETAIL , SHNI , BHNI , QIB
If you applied for 71 lot then also you will alloted 15 or NOTHING
I know that you will ask me again that why people apply for different no of lots rather than 15 lots 😁
Answer is : if you read "Basis of allotment" (BOA)which is issued by registrar than you will notice that there are sub category of SHNI and BHNI. which is a little bit complicated so I take an example :
Any IPO subscribe 6x in SHNI simply out of six any one got 15 lots right .(as per layman understanding)
*There are total 10 applicant's out of them 6 applicant applied for 15 lots which is minimum criteria. Here total applied lots are 90 hence out of 90 applications of lots 15 lots alloted to any one applicant(here also lottery happen)(1:6)
Other 3 applicant applied for 30 lots hence total applied lots is 90 . From here also any 1 out of three got 15 lots (1:3)
As you can see that probability of allotment is increased if you applied for more lots .
But if you applied for 90 lots and no one applied for that no.of lots then you will receive nothing.( As per my knowledge because lottery must be there )
I hope your all doubts will clear and if you want to read BOA then YOU GOT IT FROM THIS PAGE ALSO .