Campus Activewear IPO had a 20% rejection in retail (difference between bidding data and number of valid applications in Basis of Allotment).
Rainbow Children's Medicare IPO had 44% rejection. The bidding system shows 13,951,332 retail applications but the basis of allotment says 7,845,660.
Considering this trend it seems LIC IPO Retail quota (oversubscribed 1.99x) may also have a good number of applications rejected.
It seems...
All valid retail applicants to get an allotment of at least 1 lot.
Policyholders who bid 14 lots get 3 lots or more shares.
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