Alkem Laboratories Limited IPO Message Board (Page 23)

Max 14 quantity.

0 likely...

Min 14 , chances are for 42 shares. Read my previous post to understand.

Since the issue is oversubscribe max share u will get is 14 and in lottery system the new IPO rule

Your Application was not processed due to unavailable of lien amount, hence it will be rejected

Please reply

Off line ASBA

Only application submitted broker
ASBA process by bank tomorrow

For Alkem issue .

All applicants whether applied any quantity will get 14 shares by lottery since applications made in retail is around 7 lacs app

Where did you get this data? which Source??

bhai saaab aajki bids to finalise karne do logo ko....some says is on 29.12.2015 may be

29th December

I''m really confused after going through some posts.
Why everybody will go up to lucky draw??
Say retail subscription is 5 times
If I have applied for 10 lots then 2 lots is guaranteed for me.
Those who have applied for 1 lot their chance of getting allotment of 1 lot is 1/10.Similarly for 2/10,3/10 probability for applicants of 2 lots 3 lots respectively.
Am I correct??

Sorry made a mistake.
It''s 1/5,2/5, 3/5 probability

you guys are getting the probability wrong. First of all no of application in reatil appears to be 5.07 lacs as posted by someone in the main messageboard of this forum.

Probability that an application carries for being successful is around 61 % i.e. 0.61.

If you have applied for two applications then by mathematics of probability

a. chance that both your application is rejected is 0.14

b. chance that you will be allotted at least one is 0.86

c. chance that you are allotted both the applications is 0.38

d. chance that you are allotted exactly one applicaion is 0.47

Dear Amit!
Thanks for your reply.
But I think the allotment is done based on the number of times subscribed.
Whats the relation with no of applications?That''s the point i m not getting to be very honest.
Regarding probability I''m still ok with my understanding.
If a person applied for 2 lots in one application and retail subscription is 5 times then he can be allotted max 1 lot with probability 2/5.
This is what my concept.

Dear Arun,

Actually the current rule is ... the company will try to allot everyone at least 1 lot. Number of applications required to completely subscribe the issue for alkem lab is 3.13 lacs. As number of applications is more than this clearly everyone cannot be allotted one lot. So a lottery will be held and 3.13 lacs applications shall be chosen (irrespective of whether someone applied for 1 lot or 14 lots) out of 5.07 lacs. Clearly the probability is 3.13/5.07 = 0.617 i.e. 61.7 %.

Your calculation of probability is not correct as the basis itself is not correct. All the issues in last 2 years have been decided this way only. If still not clear you can mail me on amiitkt@yahoo.co.in

Thanks Amit for educating me :)
I was ignorant about this new rule.Away from IPO activity for quite a long time.
Basis of allotment has changed.Applied for full lot in both the IPOs.Lets hope I get some allotment :).