I applied for single lot in retail category. Can you please advise on how allotment works in case of over subscription (in case of SME)
As far as I know (mainly for mainframe IPO) all retail applications are considered equally irrespective of lot size and allotment is on lottery system.
I am confused as I read in one of the comment that, allotment is done on the basis of lot size group?
Please help to understand.
Regards, Gaurav Goyal
61.1. Basuvr| Link| Bookmark|
December 3, 2023 9:09:12 AM
IPO Guru (2100+ Posts, 1100+ Likes)
In SME IPO ,any application above 1 lot is non retail i.e. retail category is only with 1 lot. Allotment is based on lottery in retail category 🙂
For non-retail, allotment is also lottery but on proportionate bases, more the lots you apply better are the chances, not exactly but its similar to Share holder Allotment that we saw in Tatatech. 🙏
60. Rakcyt| Link| Bookmark|
December 3, 2023 9:58:31 AM
IPO Guru (1400+ Posts, 1300+ Likes)
Trends and leads suggest 2-2 win in series for both the leading parties .....positive for BJP as seats have increased with increasing vote share and hence better prospects for coming LS election....political stability means good for market . My views and. Analysis only..
i think market is likely to respond positively to election results tomorrow. let us hope we have a little bit of luck in sme allotment, not even allotted one sme lot in 2 years & 6 months. jai sri ram, jai krsna bhagvan
60.3. Rakcyt| Link| Bookmark|
December 3, 2023 8:16:32 PM
IPO Guru (1400+ Posts, 1300+ Likes)
It is as good as landslide victory with 3-1 now in series.......otherwise also with vote share increasing by leaps and bounds it augurs well for market .....shld we aim for just 20500 by mid Dec and 21000 by Feb/ March just around interim budget or post election ....Dow USD Index US Bond yield Crude etc all moving favourably....a platter with fruits of all kinds on table........those holding the chunk will get surprise moves in coming days ......what else you want with FII net buyers ... Added salt on platter 😄😄👍👍
60.4. Rakcyt| Link| Bookmark|
December 4, 2023 9:40:34 AM
IPO Guru (1400+ Posts, 1300+ Likes)
As predicted enjoy Nifty @ 20500.....are we all gearing up for 21 K now 👍👍
SME ipo kabhi nahi laga aajtak 4 retail application lagata raha hoo ..... Kam se kam 50-60 SME ipo me lagaya hai... Suranaji aapke kabhi laga kya koi bhi SME ipo
@Goel ji, Getting an allotment in the retail category is quite improbable and challenging. As per current indications, the current subject-to-sauda stands around 30k-40k. However, if you do secure an allotment, I'd suggest refraining from selling it in the grey market. You might experience a significant profit upon listing. Ultimately, the decision rests with you. Thanks!
Unable to apply due to limitations in funding as I have concentrated on the OFS of Thomas Cook. I have not succeeded in estimating the correct bid for allotment. It happens. No problem. Hopefully looking forward.
@KAMMA SIVA RAMA KRISHNA Ji, Good luck with the allotment! Could you kindly share your strategy for the OFS bidding price? Thanks a bunch in advance! I'm a bit newbie as far as OFS is concerned, and I'd be delighted to learn from your expertise on the matter, sir.
Techuser ji, Offer for sale will be spread over for two days. First day for Non Retailers and the second day for Retailers. Bidding trend can be observed on BSE site n NSE site. Last two minutes is crucial. We have to decide n place bids accordingly to get allotment. I used to place two or three separate bids for the same PAN in this regard. I failed to correctly assess and placed bids just below the cut off price of allotment. You can see for the notifications in the broker’s sites. I believe that you got some understanding.
@KAMMA SIVA RAMA KRISHNA, Absolutely Sir, your guidance has been incredibly beneficial. Thank you sincerely for your response, and I wish you the best in all your endeavors!
A quick question, how do you guys join a lot ? I see lot of msgs like.. anyone joining? It will be helpful for retail investors like us to gain knowledge.
@Harshbih not an expert, but superficially but they match each -other's lot, for ex. in this thread 9 , if only 1 or few in 9 lot category chances of allotment is lesser in lottery
@Harshbih Nope, Earlier I thought that too, but that's not the case here, they just match the bids, higher the bids higher the chances for allotment in that particular lot category
That's something to look upon , thanks for replying... Any studies where we can study this? You mean to say if someone apply with 9 lot... His chances are less.. and if many people match 9 lots..chances of people getting allotment with 9 lots will be higher?
51.7. Sharvam| Link| Bookmark|
December 1, 2023 7:19:49 PM
IPO Guru (1300+ Posts, 800+ Likes)
No Harshbih, Total subscription in HNI / LOTS APPLIED. more lots more chances of allotment. But some times even more lots application is rejected. If someone applied 51 lots and that is the only application in that category then it will not be considered for allotment.
51.8. Sharvam| Link| Bookmark|
December 1, 2023 7:23:45 PM
IPO Guru (1300+ Posts, 800+ Likes)
Continue above post.... That's why people are finding partners when they applying lots above 15.
Esteemed members,, How to sell the IPO application / alloted IPO with subject to rate in grey market? Could you please provide the ways to do it and explain how it works?
Thanks.
48. rohiitian| Link| Bookmark|
December 1, 2023 2:15:12 PM
IPO Guru (1200+ Posts, 800+ Likes)
Have applied 30 lots each from 3 accounts. I've never been lucky enough to get an SME allotment for a heavily oversubscribed IPO (200x+). Hopefully the luck will change
@rohiitian , 30 lots from 5 accounts. Hopefully 30 lots me sufficient applicants ho jaayenge. Earlier was thinking 32x5 but went against it after seeing oversubscription.
48.3. rohiitian| Link| Bookmark|
December 1, 2023 3:46:23 PM
IPO Guru (1200+ Posts, 800+ Likes)
@GrayIsTheNewBlack Was checking Kalyani BOA which had similar oversubscription (and this is a general trend), the round numbers of lots (10,15,20,25,30 lots etc) will have more applications than nearby. So 30 lots will have more than 28, 29, 31, 32 lots. Best bet is to go with round figures, unless I'm missing something.
@rohiitian , yes it is best to go with round numbers unless you are putting large number of applications. There is a catch though with odd numbered application you can improve your allotment chances but with this huge level of subscription you would need atleast 10+ application of your own to guarantee allotment.
48.5. rohiitian| Link| Bookmark|
December 1, 2023 3:57:16 PM
IPO Guru (1200+ Posts, 800+ Likes)
That's a good point
48.6. Basuvr| Link| Bookmark|
December 1, 2023 7:14:35 PM
IPO Guru (2100+ Posts, 1100+ Likes)
@rohiitian Sir best of luck, I pray to God for your allotment here. 🙏
3 application with 30 lots definitely increases allotment chances. 🙂
@neraj Out of 10, 2 were 3rd party UPI apps, just tried them, but was not sure if they were acceptable or not but the allotment received is a 1st party self application/account