Earthstahl & Alloys Limited IPO Message Board (Page 10)

@monster zero sir, is there any solution or any other alternative?

Facing same problem...any turnaround @lokes @arca @Noorul

Sane issue nuwama taking cutoff price as 38 so we cannot apply.

I m joining with 1 application

I wanna join

@Sarit, Joined with 1 app of 30 lots

No allotment for me.

@Sarit, did you get the allotment

@AmitK IPO,
No dear. Nil allotment for me.
Better luck next time.

Axis ASBA

sbi yono lite

@ Chirag VP
sbi yono lite till 2 pm

Only Linkintime allows 3rd party applications, the registrar here is Bigshare which doesn't allow. So please double check before applying.

It is proportionate allotment in SME IPO's. Why are asking for 31 lots.

Lottery based allotment for HNIs (Small & Big) is applicable for only Mainboard IPOs.

Trying to ensure that the application makes to lottery - to begin with

I think ur not understanding the HNI process of allotment in SME IPOs. There is no lottery in HNI category.

@Lokesh Chiru
SME IPO allotment is propornate+lottery.
Please go through BoA document of any past SME IPOs

@Lokesh Chiru, As per my understanding, in case of oversubscription lets say 200 times and I have applied only for 30 lots then my app will go to lottery. Moreover if there are not sufficient application for 30 lots than will app will not even be considered in lottery. Please correct me if I am wrong.

@Manishkg, I want to join you with 1 app of 31 lot. But will it make more sense if we join Sarit who has applied 4 apps of 30 lots. Your views Please

It's going to be lottery here and as the subscription is increasing there may be many lots category may not participate in lottery unless sufficient number of applications are there to fulfill lottery criteria

I think subscription will be around 450+.
Means it will require at least 8 application with 31 lots

@MVP, In that case, I think it will be better to go with 30 lots app. Your view Please

yes i believe 30 will have more chances. From past IPOs, with around ~400 times subscription, 3-4 people got allotment with 30 lot application.
with 31 lots, even if it gets eligible only 1 person might get the allotment.