In retail category everyone got 1 lot but in shareholder allotment is done by lottery. It looks strange. Investors who already have trust in company didn''t get allotment and new investors get allotment. Really bad. I didn''t expect this from ICICI. It reminds me Anil Agrawal group''s company like Sterlite in late 80s. In Sterlite new investors got good allotment and in Right issue existing investors got less.
If i get it correct shareholder category was not fully subscribed with cutoff but there was bidding too..So the ones with bidding surely will go by luck hence if it was at cutoff probably ppl wud have got full allotment there..
Retail category was undersubscribed appwise, and as per current formula, everybody in retail got minimum one lot. Whereas allotement method in shareholders quota was proportionate, and as hni bid was allowed in shareholders quota, all hni''s who were shareholders, applied from shareholders quota anticipating higher allotement chances than in normal hni quota which resulted in higher oversubscrition in sh quota.
True. Does anyone know the basis of allotment in shareholders category. If its the same as general, I think its just bcoz share holder category was oversubscribed by 10 times.
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September 27, 2016 7:13:14 PM
Top Contributor (200+ Posts, 100+ Likes)
I had also applied in shareholder category 1 applc of 2 lots (88 shares) got NIL & 3 applc for RII category got alloted in all 3. Very unfair to shareholders, or maybe they (Company ) know its going to go below issue price like LTI & LTTS !!
rahulabhishek, I totally understand your and Bullish frustration when such question is seen several times, but do ppl come online once in a while and asks the question without going through all the messages. And sometimes such answers may move to next page when the current page is filled. Hence there is quite a possibility of missing such information on the current page.