@Heathslayer I meant 10 lots in 1 application. Even though retail has 33% shares its subs is 475x so chances of allotment is 1 out of 475.
Whereas in NII which has 14% shares and subs 640x here
2 lot application has allotment chance of 1 out of 320 (640/2)
3 lot application has allotment chance of 1 out of 213 (640/3)
and so on
10 lot application has allotment chance of 1 out of 64
* * * There is one more factor i.e. number of applications received in particular lot, due to which few members asks other to also apply for particular lot.
Applications received in a particular lot goes for lottery process only when result of below is > 0.5
Lots applied / NII subscription * no of application
Thanks 🙏