For the available 607 Retail lots, there are about 233000 Applications received. Only the extremely lucky ones to get Allotment. For Non Allottees, let them quickly un block the money for timely use in Netweb IPO.
134.3. Basuvr| Link| Bookmark|
July 15, 2023 4:13:42 PM
IPO Guru (1800+ Posts, 900+ Likes)
If you applied in retail category of any IPO where retail subscription was less than 1x and still don't get allotment means mostly your application was not valid.
Yes... randomly retailers got allotments in SME IPOs. Chances of allotments are below 1% in good SME stocks, due to high subcriptions... it's pure lottery game.
Yes some retailers do get. I got in Magson in retail category only. Was applying under HNI and even 20+/30+ lot was not giving me any chance so decided to apply in retail if retail share portion is higher. HNI has more gamble and who knows all the black magic (work) being done?
134.7. Imhilli| Link| Bookmark|
July 17, 2023 4:41:06 PM
IPO Guru (1200+ Posts, 700+ Likes)
In some cases, I have not got in HNI, but got in RII category. It's purely luck
134.8. Scrip| Link| Bookmark|
July 17, 2023 4:49:48 PM
Top Contributor (400+ Posts, 200+ Likes)
If it list way above it's GMP it would behave like Avalon ......so it's better it lots around its gmp... Too much low is also bad and too much high is also not good.... And with GMP flactuating too much...better to see of buying when it's listing around its mean gmp