If someone has free cash, does it make sense to apply in NII category and increase your chances of allotment? For example, an RI had ~1/6 chance in Shankara but an NII applying for 10L worth of share had a 1/1 chance of getting the minimum lot. Can you please advise?
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May 5, 2017 12:54:01 AM
Top Contributor (400+ Posts, 200+ Likes)
3,400 shares as after discount amounts comes 1,97,200 (below 2 lac). Bid @60/-, Retail discount 2/- and then fill Net Price @58/-. In online bank system shall calculate it at 58/-.
What is the maximum no. of shares that a RII can apply? 3200 shares for Rs.185,600/- or 3400 shares for 197,200/- considering that there is a Rs.2/- discount for retail investor..
Why to apply for 3200 or 3400 shares since these will also be considered for lottery if there remains over subscription? Is there some change in rules, because earlier we used to apply for minimum lot and maximum applications.
This IPO is surely to be oversubscribe. In case of over-subscription the allotment will be through lottery, and for every lucky person (chosen by lottery draw) will get one lot.
As you intend to get more shares in allotment, its only by increasing your chance (probability) of being picked in lottery. This is possible by more number of applications.
Hence applying for multiple lot will not help in oversubscribing IPOs, but multiple applications may be helpful.
Hello Group .. I have 2 demat account n need to know what should be my strategy to apply for this IPO? I mean how many lots should I apply in each? Expert opinions Welcome!
Dear dpcdl you replied for hudco ipo as it is oversubscribed 5.64 times & allotment ratio would be 5:28 Please let me know how did you calculate ratio according to the figure of oversubscribed ?
Most of the companies keep lot size such that the overall cost of 1 lot comes around 14500-14900. HUDCO has kept lot size such that even the luckiest few will get shares worth 12000/- only