Thank Mr Arun for your guidance I was thinking that as I applied under 320 shares category as retail was oversubscribed by 4.32 times I was expecting 320/4.32=60+ shares But now I understand SEBI favors multiple applicants
SEBI has framed new retail allotment system. It is not quantity based but application based . All applicant has to be allotted minimum 1 lot . Left over will be distributed to higher lot applicants proportionately . Since Dr Lal had app 5 lac retail applicants ,it was not possible to allot 20 shares to every applicant ,so 20 share were allotted by lottery irrespective of quantity applied for . Please apply for 1 lot only for any Ipo in future
I have received 5 lots in all 5 accounts in ALKEM and I have not received a single allotment in any of my 5 accounts in DR LAB (which again seems unlikely) I think Linktime has not correctly updated their data in their website. I have applied all through ICICI DIRECT and status in ICICI DIRECT is 0 allotment in all 10 accounts. Is anyone else facing a similar problem then I request you to share it.
Fr those who do not understand the allotment process and read point B in the below link http://www.dalalstreet.biz/forum/ipo-india/new-basis-of-allotment-rules-for-retail-individual-bidders/
My pan no Aldpb0371p,Aldpb0080h,Afspb9833p, ALXPB4940J, aldpn0693e. Pl inform allotment status in lalpathologylab,alchkemlab. Site is not opening Pl intimate in both ipo
My pan no Aldpb0371p,Aldpb0080h,Afspb9833p, ALXPB4940J, aldpn0693e. Pl inform allotment status in lalpathologylab,alchkemlab. Site is not opening Pl intimate in both ipo