Holmarc Opto-Mechatronics Limited IPO Message Board (Page 3)

​@AJ IPO 

There is no chance you cant be allotted in any case...

even if there are multiple application in same lot.. all application will get one confirm lots and if any extra lots will be via lottery.

For example:
If there are 4 application in 144 lots and if 18000 shares needs to be allotted among them, which is 6 lots to be distributed among 4 applicant and which is more then number of applicant then it will be accordingly
All 4 applicant will get 1 lot each
and other 2 lots will be via lottery among 4
So 2 applicant will get 2 lots = 4 lots
and 2 applicant will get 1 lot = 2 lots

this is the correct way to allot.

if there are 3 applicant in 144 and 5 lots needs to be distributed then
all 3 applicant will get 1 lot first and then the extra 2 lots will be via Lottery among all 3

if there are 5 applicant in 144 and 8 lots needs to be distributed then
all 5 applicant will get 1 lot first and then the extra 3 will be via lottery among all 5.

if there is anything other way then i am sure it is not the right way.

Looking forward to other experts view too on this.

Check the Basis of Allotment. How many applicants are there for same lot size and how many alloted

Plesae check(Hope you may have already checked.)
ASBA registration detail i.e. 1) DEMAT 2) PAN........because I made small mistake in one digit I lost 5-7 IPO after that I came to know.......same corrected and start getting allotment.

​@AJ IPO  Please check email and see the reason for non allotment. Also, share it with this forum so that we also got to know it.

Ideally, there is no reason that you should not be allocated. 1 and some additional shares should have been allotted for 144 lot application.

@AJ IPO,
You should get 1 lot as HNI subscription was 93 times and you applied 144 lots. Firm allotment for application with 93 lots and above.
This is my understanding, I may be wrong also.

​Applied for 144 lots i.e. 432000 shares and NII were subscribed less than 94 so effectively crossed 1.5...

Received this reply for allotment.

"We are in receipt of your emails. Kindly note that there were 5 applications in the category of 432000 and as per the proportionate allocation there were 23320 shares available for allotment to this category. Further as per the proportionate allocation per application, each application was entitled to get 4664 shares, which was rounded off to nearest lot of 6000. Accordingly, we could allot only 4 applications in this category, as maximum shares available for allotment in this category is 24000, being nearest bid lot for 23320. Hence the basis of allotment was finalized yesterday, in the ratio of 4:5 for this category. Unfortunately, your application was the non-allottee application in this category."

It means they would allot 24000 shares to 1 person or 12000 shares to 2 people and rest won't get a single share...

If we refer, Kundan BOA, if someone applied more than NII subscription then got 1 lot and if more than one applicant then each one got 1 and for balance lottery is there. You people can refer Kundan BOA which I believe released 2 days back only....

Whether NII or retail, we all desperately wait for allotments...

OMG... what a hard luck my friend!!!

@AJ IPO - this is not convincing. There should be firm allotment for apps greater than total NII subscription.

​@VP Cameo @AJ IPO How is this possible? When lot size is 3000 ho can Cameo allocate 6000 each and none to one person.
Ideally it should be like 3000 or one lot to all 5 and remaining 3 lot with lottery. This is complete forgery.

@AJ IPO @VP Cameo 

very good point AJ ipo...
who will decide how to distribute this 24000 shares among all 5 or 4 or 3 or 2 or 1 ?
since they decided to distribute it among 4 and they could decide it among 2 or 1 too and give 4 lots to 2 applicants only and other 3 applicant gets Zero..
or they can give all 8 lots to 1 applicant and give Zero to other 4 applicant and give the same reason for their justification ;)

Strange.. looks like some fishy going on....

there is no clear view or reply from VP Cameo on it yet...

​@VP Cameo do you have any explanation here. @Admin @ Chittorgarh.com can you help to resolve or get explanation if you have any direct connect ?

i will be little careful henceforth with IPO where RTA is Cameo
since they can do anything... they have system and they will decide to not provide allotment to anyone even if they can...

the next coming up IPO by them are
Kontor Space Limited and Vishnusurya Projects and Infra Limited

Sorry to interrupt @AJ IPO, you have changed whole discussion as per your opinion and observation.

Cameo said basis of allotment was finalized yesterday, in the ratio of 4:5 for this category. That means out of 5 applicant, 4 got allotment. I have gone through BOA published today, and found that there are total 5 applicant with 432000 shares and 4 got allotted 6000 each.

but you diverted like
"It means they would allot 24000 shares to 1 person or 12000 shares to 2 people and rest won't get a single share..." which is factually incorrect.

Since the proportionate of shares was more than one lot, so every RTA will not allot basic minimum allotment to all....... I think many member from different RTA group is also active in this forum, they are also welcome to clarify this.
In fact there are also LOT size, where non of them get allotment due to proportionate share was much below than the lot size.

Bigger HNI participate for more shares to get max, not the minimum. Scenario would be different if you have allotted 6000 shares and non allottee was some one else. Than you will defend the same thing like I applied for more and should be eligible for more.

Request every member, try to go through BOA also once published for better understanding and not for one RTA but for every IPO with different LM and RTA where u r applying. You will find many interesting fact there, the maximum application size from single investor and the shares they got will surprise you .

​@SME INVESTOR your understanding on proportionate allotment is wrong here. I have studied IPOs and lived IPOs from last 6 years now.
In proportionate basis every one gets the minimum lot + leftover lots (through lottery)
Here total 24000 shares were allocated for this category as per response which is equal to 8 lots
Total applications are 5
So 5 applicants must have got a single lot each.
Now leftover 3 lots will be decided based on lottery
Thus 3 ppl will get 2 lots each and 2 ppl will get 1 lot each.
This is how proportionate allotment works. and @VP Cameo must have followed it.

​@IPO Gyaan This logic I agree. Here all the shareholders will get at least one lot.

My observations mainly was related to AJ IPO own logic that "It means they would allot 24000 shares to 1 person or 12000 shares to 2 people and rest won't get a single share..." which is factually incorrect.

​@SME INVESTOR 

do you agree that AJ IPO should get atleast 1 lot on its application of 144 lots?

Yes @Amit Surana I already reverted in trail reply of IPO Gyaan.

This forum is always good for healthy discussion and better understanding and I support this. I also learn from others view and respect it, if its is not based on bias or assumptions.

@AJ IPO, You not only deserved minimum one lot but were also eligible to participate for a second lot via lottery. This logic was clearly followed for earlier lots 119, 125 later for lots 147, 150. Seems like an ideal case for compensation claim