Bids received from the RIBs at or above the Offer Price may be grouped together to determine the total demand under this category. If the aggregate demand in this category is less than or equal to the Retail Category at or above the Offer Price, full Allotment may be made to the RIBs to the extent of the valid Bids. If the aggregate demand in this category is greater than the allocation to in the Retail Category at or above the Offer Price, then the maximum number of RIBs who can be Allotted the minimum Bid Lot will be computed by dividing the total number of Equity Shares available for Allotment to RIBs by the minimum Bid Lot (―Maximum RIB Allottees‖). The Allotment to the RIBs will then be made in the following manner:
(a) In the event the number of RIBs who have submitted valid Bids in the Offer is equal to or less than Maximum RIB Allottees, (i) all such RIBs shall be Allotted the minimum Bid Lot; and (ii) the balance available Equity Shares, if any, remaining in the Retail Category shall be Allotted on a proportionate basis to the RIBs who have received Allotment as per (i) above for the balance demand of the Equity Shares Bid by them (i.e. who have Bid for more than the minimum Bid Lot).
(b) In the event the number of RIBs who have submitted valid Bids in the Offer is more than Maximum RIB Allottees, the RIBs (in that category) who will then be Allotted minimum Bid Lot shall be determined on the basis of draw of lots.
1193. Patel Aksh| Link| Bookmark|
March 16, 2017 6:39:31 PM
Top Contributor (400+ Posts, 100+ Likes)
An indicative timetable in respect of the Offer: Bid/Offer Opens On: Mar 08, 2017 Bid/Offer Closes On: Mar 10, 2017 Finalisation of Basis of Allotment: On or about Mar 16, 2017 Initiation of refunds: On or about Mar 17, 2017 Credit of Equity Shares to demat accounts: On or about Mar 20, 2017 Commencement of trading of the Equity Shares: On or about Mar 21, 2017
In this "Initiation of refunds: On or about Mar 17, 2017" represents the date of allotment
Even I applied with ICICI direct and got the SMS of confirmation of bid from NSE, but through NSE wesite Verify IPO bid , I can''t seem to figure out "Symbol".