@Manjit bro. This figure is expectation only may vary. But as per your figure of 7 lakh the issue is not crossing 4 times application wise. Heighly improbable. Add 3 lakh application through net banking also whicj will be. Punched tonight and till 3.30 tomorrow when asba closes in some banks.
i think tmrw market will open up in green... since in 4 of the 5 states bjp are leading as per exit polls except punjab.. this might be the good sign to end 3 day drought in the market... hope for the best for results on saturday
Anyhow its lottery. Apply for 1 lot only. Chances maybe 1 out of 12 even if you apply for 1 lot for 12 lots, only ratio may vary. say if you apply for 12 lots, maybe it will be 1 out of 11 persons. Doesn''t make much difference. If you are lucky you will get it, number of lots 1 or 12 lots should not matter :-)
Already 4 times oversubscribed. So applying for more than 60K (4 lots) would not help. Anything between 1-4 lots shud be fine. If the number of retail applicants are more than 2,21,86,441 /50 (4,43,728), then it would be lottery system which will allot 50 shares to those lucky 4,43,728 applicants.
Even if its 13 times oversubscribed in retail segment, one lot of 50 shares is guaranteed. Assuming 400 is the selling price, 5K is in the pocket per application/demat.