In the recent 'EROS' IPO , I had applied for 13 lots(520 shares). IPO was subscribed 11.95 in retail catagory. At cut-off price over subscription will be less than 11.95. Company has alloted me only 40 shares ( 1 lot ). Can any body explain why every one has got only 40 shares only for the application of 13 lot.
@782 Company Name: Eros International Media Limited Application Details Sole / 1st Applicant: SATYAVATHI CHALLA Cut off Price: 175 Shares applied: 80 Allotment Details Shares Allotted: NIL Amount Adjusted: NIL
I was lucky to be allotted shares having applied 5 times.My father applied 6 times and was not allotted shares. I expect a good listing, say at 230-240 levels. Target 300 in 1 month and 400-500 in 1 year.