i am new in ipo aaplication./.........can you please tell me if the subscription is 15 times and i have applied for 104 shares then how much shares would be allocated to me?
I am new in ipo aaplication./.........can you please tell me if the subscription is 15 times and i have applied for 104 shares then how much shares would be allocated to me?
Hi Rachna, If the issue is oversubscribed by 15 times, then you would get one lot i.e, 8 shares for a full 1 lakh application. If the over-subscription is lesser than 15 times, then the allotment is on proportionate basis. If the over-subscription is greater than 15 times,then it is a lottery based allocation.