Its total subscription will not as high as CDSL or DMART or AU as this is government IPO so retail quota will be bigger than HNI quota. In all other IPOs retail quota is much smaller.
Minto I applied in axis bank yesterday and today Yesterday morning it shown processing by 5pm it showed as blocked. Today when applied itself it shown as blocked
@Minto ji dont worry anyways now timings are closed so you cant do anything.. so best is to wait till 10PM-12PM. you will get one SMS from NSE or BSE for application status if not then your amount will get credited back by tomorrow..
Worst scenario - NO SMS and NO Refund, then call bank tomorrow second half and check what happened
I have made 3 applications from diff PAN/DEMAT... The RII subscription might reach about 10 times at the end of the day, do i have any chances of allotment of any lot or should i sell at kostak, if i get a chance??
Hi Guys I''m New to IPO application , in the past I have applied for 7 to 8 lots , but only got 1 lot allotted . Do Retail investors get more than 1 lot if I apply for say 8 lots ? Any one here who has got more than 1 lot allotted in past IPO''s ?
@Hotam... If IPO is subscribed more than 100%...on lottery basis they will allot 1 lot to unique PAN against how many lot he has applied which does not matter
Oversubscription is calculated on the basis of number of applications applied / number of applications available. On that basis I am telling you the 13-15X.