Person applying 1500 shares gets 136 shares because the retail segment has been oversubscribed by 11 times....
Person applying 300 shares gets 100 shares....I absolutely do not have any idea about this crazy idea & I think the company wants to allot good amount of shares to small investors....Seems like some one who is a ardent follower of the left parties must have indulged in this sort of cranky logic....
one of the reasons for alloting 100 shares for people who had applied 300 is that company(FSS) wants to allot more shares for small retail investors. I think this is one of the stratergy of the company to make sure that there are quite a number of small investors who usually stay invested for long term. Kindly correct me if I am wrong.....