369.1. Suraj....| Link| Bookmark|
November 16, 2022 11:17:09 PM
Top Contributor (400+ Posts, 100+ Likes)
This is because in case of over subscription in shni or bhni category Allotment is done via lottery not on proportionate basis and min allotment in hni category is 14 lots. So it doesn't matter if you applied 21 lots or 100 you will gone a get 14 lots only in case over subscription via Lottery .
Whether u apply for 14 lots or 21 lots or for that matter 60 lots.... All fall in the category of small HNI and In an oversubscribed issue, such as this there will be a lottery done and all allottees in small HNI category will be allotted a min of 14 lots. Here since sHNI was more than 10 times oversubscribed, only 1 in 10 applicants got 15 lots allotted...rest did not get any lots.... The days of proportional allotment in mainboard IPOs are long over.... It's only lottery now when issue is oversubscribed...
369.3. IPO VALSAD| Link| Bookmark|
November 16, 2022 11:25:04 PM
Top Contributor (300+ Posts, 100+ Likes)
Pandey sahab... Wo rule to kab ka change ho gaya... Ab over subscription ke time allotment lottery basis pe milti he.. sab ko 14 lot hi diye jate he .
Your chances was getting 1 allotment of 14 lots out of 10 people in lottery. Therefore you need to apply 14 lots or just above 2 lacs through multiple applications to increase the chance. That's it.
Whenever allotment is done, every time I write :- allotted 0/3. Allotment is not in my hands, only subscribing IPO is in my hands. I am ready to apply the next IPO.
BUT
This time I am again ready to apply next IPO after getting allotment in 2/3 applications. Very happy and thanks to Upper wala (GOD) for giving me the allotment. Thank you GOD.
DEAR INVESTOR,SUCCESSFUL ALLOTMENT OF 36 SHARES AT RS.407.00 TO APPLICATION NO.********* FOR ARCHEAN. FOR DETAILS, PLEASE VISIT YOUR REGISTERED MAIL BOX. REGARDS, BSE TEAM