How is it possible for investors to get allotted only 26 shares per application when they have applied for more) when the retail portion of issue is oversubscribed only 1.3 times?
*IndoStar Capital Finance* *FINAL DAY SUBS.FIGURE* QIB 16.05X** (CLOSED) NII 6.92X (CLOSED) RII 1.48X TOTAL 6.81X **Excluding Anchor Total No.of FORMS : 5,79,927 *Apps Wise : 1.34X*
so if app wise subs is 1.34 then every successful allottee get only one lot
Dude, Application wise RII was subscribed 1.2 times. So the probability of getting allotment is 0.83. In that 0.17, your application got missed. Best of luck in next IPO.