may be they alloted the shares like this more than 1100 shares 136 for all others 100 through lot.
my doubt is they are saying 11.5 times subsrciption in retail sector.but can you beleive that all 11.5 time oversubscription is for cut off price or 64.i cant imagine that.there will be application for less than 64 also. so they no need to calculate with 11.5.since price is fixed for 64 all applications less than for 64 will be avaoided.so 11.5 is not correct number.any though to share in this?
don't apply through sharekhan... its a junk account.. i didn't get alloted for GBN, AKruti, Cinemax, FS.. even I applied for min 3 to 5 lots on each...
Is it any thing to do with the demat account....????
i have applied for 1500 nos. of shares and eligible for 136 share to be alloted in my favour but on line enquiry there is showing no share allotted. can andybody advise what is this ?
i think listing will be on wednesday...by that time everybody will get share in their demat account.. i also got 100 shares applied for 800..it is good we got some shares in lottery i know my probability was 8/11 still i got...so guys enjoy better listing...my guesss will be 100 listing price..settle at 80 if market fluctuate like last week....be practical... Lets hope for the best...:)
whats the point in applying for 1000 shares and getting an allotment of 100, when people who have applied for 400 and 700 shares are also alloted 100.. i guess just blocking our money
None to blame if you apply for 100 or 1500. With one lakh application we only get to maximize our chances of allotment, but no guarantee what so ever. In this case since it is over-subscribed 11.5 times, those who applied for more than 1100, are guaranteed allotment in the ratio of 1:11 shares. So 1500 application gets you 1500/11 .i.e 136.
For those who applied for less than 1100 shares, allotment is based on lottery and all they get is only 100 shares which is the exact lot size, nothing less nothing more. The chances of allotment would roughly, (i repeat roughly) be in the following ratio for lot sizes of 1 to 11. 2:23, 4:23, 6:23, 8:23, 10:23, 12:23, 14:23, 16:23, 18:23, 20:23 and 22:23. So for a single lot application the chances are only 2 out of 23 people get allotment.