We r expecting 21 lakh applications ...those who r silent from last soo many years r also applying...so kosak will crash if gmp not increased.... 21 lakh means 6 times applic wise
For HNI - min application size should be more than 2 lakh. Max can be as high as total shares available for bidding. Allotment is done pro-rata basis. So if HNI quota gets over-subscribed by 100 times. Everyone will get 1/100 of applied shares.
RII is expected to be subscribed 5 time Application wise. So per application it comes to average 40 shares (For the sake of calculation). GMP Rs. 30 means, Kostak should be 1200. After considering intermediaries charges, Market rate of Kostak should be around 1100 to 1150.
Is it better to wait till Thursday 2pm and (after looking at subscription figures) decide whether to apply or not? I''m sure that HUDCO is another D-Mart which could give stunning listing gains. So I''m expecting more demand for HUDCO, if RII category is subscribed 25+ times, then there is very negligible chance for allotment.