Please someone answer my question .I have applied 120 shares of EIL at cutoff in retail and 35 shares of SKS at cutoff in retail and 60 shares of BJ Corp,how many will i be allotted(in your opinion).Expert boarders pls reply with the number of allotment i can get in each and how much listing profit to expect in each
I have bidded for 280 and 290 thru ICICI(online) for EIL. Will there be any allotment for me ? Or will it be allotted for only those who bidded for 290 ? I `m bit confused on this.If allotment is for only s 290 then why do we have option for bidding ? I`ve applied for 60 scripts.
Krishnaswamy, Unfortunately you will not be alloted any shares.Bidding is done so that the demand for the Issue is ascertained at each price & the the price is fixed at the maximum price at which there is maximum demand.In Engineers India maximum applications came at 290 & hence it was fixed at that price.
I have bidded for 275,280 and 285 thru SBI(online). Will there be any allotment for me ? Or will it be allotted for only those who bidded for 290 ? I `m bit confused on this.If allotment is for only s 290 then why do we have option for bidding ? I`ve applied for 60 scripts.
Any reply on my above doubt is appreciated in advance.