DUE TO NEW ALLOTMENT RULE BY SEBI FOR IPO, 1) IN CASE OF OVER-SUBSCRIPTION, ONLY 1 LOT IS ALLOTTED AS IRRESPECTIVE OF APPLICATION SIZE. BY GOING THRU PAST IPOs, IT IS SEEN THAT MIN 70% INVESTOR APPLY FOR ONE LOT, SO THERE NO ADVANTAGE OF PUTTING MORE LOTS IN ONE APPLICATION. ( IT IS TRUE FOR RII SUBSCRIPTION OF 1.3 TO 1.4 TIMES). FURTHER, SAME ALLOTMENT RATIO IS APPLICABLE FOR MIN OR MAX LOT. 2) IN CASE OF UNDER SUBSCRIPTION, 100% ALLOTMENT IS GUARANTEED.
BUT II IS FOR ANY BODY GUESS, UNDER SUBSCRIPTION, IN MOST CASES ARE BLOCKING THE FUND. HIGH PROBABILITY OF LOSING THE MONEY AS IT WILL OPEN BELOW ISSUE PRICE. THIS HOLDS FOR MAJORITY OF THE CASES. IN LONG RUN ONLY 10% IPO BECOMES MULTIBAGGERS. HENCE IT IS ADVISABLE TO APPLY ONE LOT AS BIGGER LOTS DO NOT CARRY ANY WEIGHTAGE IN ALLOTMENT PROCESS. RATHER ONE CAN, SUGGEST HIS WIFE, ADULT KIDS TO OPEN THE AC COUNT SO THAT CHANCES CAN BE MAXIMISE.
Hi, I had applied through HDFC, i have not recevied any msg still and also checked my account, the amount is still blocked not debited. Does it mean i have not got? Does it take time to update?
Septa &eagleye sir ye kervey ka har bar itna poor allotment kyou rahta hi jabki is bar to issue me retail kota only 1.4 times subscribe huaa ta kahi ye HNI or QIP ko premum pr retail kote se share to allot nahi karte
Seems like everybody is getting only 1 lot.....people who bid for 3-4 lots also got 1 lot and people bidding 1 lot also got same....anyone bid entire max. amount for retail...13 lots?
Seriously cant understand allotment logic....will giving everyone only 1 lot not lead to under-subscription of retail quota? It was only 1.4 times subscribed....people could have got proportionate 80% of bid amount...
as per sebi rule, all retail applicants will get 1 lot irrespective of number of lots applied. if anything left in retail quota after giving 1-1 lot, it would be distributed among other retail applicants on proportionate basis. if all cant be allotted one lot, lottery system is applied. its advisable to apply only one lot if retail quota is oversubscribed.
1043.4. Eagleye| Link| Bookmark|
April 14, 2016 6:20:07 PM
IPO Guru (6600+ Posts, 22000+ Likes)
All Retail Investors will get 135 shares only
in below ratio.  Allotment Ratio is 903 : 985 – for applications of 1 lot (135 Shares) Allotment Ratio is 11 : 12 – for applications of 2 lots - 13 lots (from 270 to 1755 shares)
Where we can check the status? Link provided in below posts doesnt have Equitas in drop down. Can someone pls guide me. Thanks
1039. R R Patel| Link| Bookmark|
April 14, 2016 5:52:59 PM
IPO Mentor (800+ Posts, 3400+ Likes)
Msg. received from icici that Rs.14850 debited for purchasing Equitas. It means I got 1 lot luckily but not updated on Karvy site. anyway, have a bumper listing.