Equitas Holdings Limited IPO Message Board (Page 57)

NO since the issue is oversubscribed u will only get one lot with a probability of get getting zero share at 12%.So in short u can only sell one lot

I didn''t get it.. Retail portion subscribed 1.4 times then we should get around 70% of allotment, why Septa is saying only 1 lot??

few years bank SEBI has changed the rule no more pro rata if the issue is oversubscribed the new allotment process see that maximum number of RII get at least one lot

Then IPO people can do cheating like in case of Quick heal IPO..
What they do is they give retail portion share also to HNI... who can then find out...??

So retail investors are cheated then.. if it is not subscribed so IPO will open lower and if oversubscribed then not all the shares will be allotted ...

am i right? if yes then can I raise issue to SEBI or if you can raise it..

U R WRONG. ChinU i did not understand. However the present system is retail friendly then the old system. I did not understand how retail investor r cheated in Quickheal IPO. No they do not give RII portion to Any other group. All share is distributed to RII with the new system see more people get at least one lot if the issue is oversubscribed on application level.

Tell me Lets see if I have applied for 13 lots i.e 1755 shares in Equitas IPO... Retails oversubscribed by 1.4 times that means I should get 13/1.4 = 9.2.... so Ideally I should get 9 lots at least... and person who applied 1 lot should either get 1 lot or not a single lot...

My concern is if person has applied more and taken risk more should be rewarded also in similar fashion... I hope I am making sense..

With the new system allotment is done on number of application
Equitas Holdings Ltd. IPO
Final Figures:
QIB: 15.05x
HNI: 57.47x
Retail: 1.41x
Total: 17.29x
No. of Apps: ~ 587793
Retail as per Apps : 1.15x
So based on this data the issue received 15% more application so 15% of applicant irrespective of lot applied we get zero share and rest one lot.
So if the issue is oversubscribed at application level it best to put single lot and more application.
Hope this clears the issue for u
So based on this u will get maximum 135 share and 12% chance of getting Zero share

So IPO is based on application ( whether one or many lot size) and not based on investment amount...
Then this is wrong way of calculation... means If I have more trust in IPO and I have put more amount and taken more risk then I should get more shares than person who applied less lots...

Current process is strange and confusing and non transparent..