Dear Forum Members,
I applied for 40 lots in retail under under SHNI category. Since the sHNI was subscribed 12.33 times, so i was expecting at least 3 lot allocation but I have not allocated even a single lot.
Before replying to my query please consider 2 points in this regard Lets take example of Concord IPO subscription figure
1. if SHNI also alloted in concord ipo on lottery basis then why people apply in HNI category where allotment is 1 out of 12 where as in retail its only 1 out of 3 ?? Fair possibility in retail segment only then why people apply huge amount in HNI category ...if eg. HNI category subscribed 80 times means 1 out of 80 will get by lottery right ?? then what's the use of it
2. https://www.chittorgarh.com/article/hni-ipo-application-guide-nii-allotment-benefits/532/
check this link how of chittorgarh site how HNI get allotment its totally proportionate basis eg. HNI category subscribed 12 times ..if you applied 40 times thn you will get 3 lot surely refering chittorgarh site article
Exact 100 Lots
1 lot guaranteed
2
More than 100 lots
1 lot + extra shares in proportionate to further lots applied.
Example:
For 150 lots applied, you will get 1.5 lots.
For 200 lots applied, you will get 2 lots.
3
Less than 100 lots
% wise in comparison to total subscription. Minimum 1 lot will be allocated by lottery. The allotment is not guaranteed.
Example:
For 20 lots applied, 20% chance to get 1 lot (1:5). If 10 HNIs applied 20 lots, 2 will get 1 lot by lottery.
For 50 lots applied, 50% chance to get 1 lot (1:2). If 10 HNIs applied 50 lots, 5 will get 1 lot by lottery.
For 90 lots applied, 90% chance to get 1 lot (9:10). If 10 HNIs applied 90 lots, 9 will get 1 lot by lottery.
Can any one knows the reason for this?
thanks in advance
@Admin @ Chittorgarh.com please have a look in it and guide on it