India Pesticides Limited IPO Message Board (Page 24)

Kar do please.

Mittal bhai, ye batao ki Glenmark Life ipo ke Shareholder category mei Proportionate basis pe allotment hai ya same as retail (lottery basis) ?

@bubble boy
Shareholder category mein Proportionate basis hai .

it will open from 7th may...

Profit Growth is excellent.

Yes. What do you want to know?

If we apply from NII category then how much will we get minimum lot?

Your question is not clear. If you meant to ask how many lots you need to apply to get minimum lot allocation then here is the answer - it depends on number of times NII category gets subscribed. Suppose if NII category is subscribed 150 times then you need to apply for at least 151 lots to get a confirmed allocation of one lot (plus few additional shares may be allotted on proportionate basis). If you apply for less than 150 lots then your application will go through lottery system and you may or may not get allotment. Also remember that HNI allocation proportion based but you need to be eligible for at least one lot to get confirmed allotment in HNI category. Let me know if you have further questions.

Kring your explanation is very good

Kindly clear one doubt. E.g f oversubscription is 150 guna and if one person applied 140 lot and other one applied 15 lot both have same chances of allotment.

@Grow India,
If IPO is oversubscribed by 150 times then the person who applied for 140 lots has better chances of getting allotment compared to a person who applied for 15 lots. This is simply because there will be less number of applications for 140 lots compared to 15 lots. Generally more number of lots you apply more chances of getting allotment. You can refer to any "Basis of Allotment" document for previous IPOs to get a better understanding. Thanks!