Meson Valves India Limited IPO Message Board (Page 6)

This is a fixed price IPO...at the end if Retail > HNI, HNI apps will be transferred to Retail to make Retail = HNI
So decide based on this

Hi @kishenharendra can you please explain this in detail. So if HNI is 250x and retail is 300x then even the HNI applications will be considered on par with retail and allotment ratio will be same? Is this understanding correct?

I checked the BOA of CPS Shapers where retail subscription was more than HNI but allotment was done accordingly. And nothing like HNI = Retail was there.

Let's say,
HNI = 100x
Retail = 200X
Total becomes 150x

In normal book built IPO, retail chances are 1:200 and for hni, whoever applied more than 100 lots, 1 lot confirm allotment...

But in fixed price IPO when Retail > HNI, the registrar makes quota transfer from HNI to retail to make HNI = Retail = 150x
So 1 in 150 retail will be alloted and for hni sureshot allotment is only for those who make minimum 150 lot application...

In CPS, retail is 300x, so only 1 in 300 should have been allotted, but since Retail > HNI, few shares were transferred from HNI to retail quota to match total subscription (250x) and so 2:491 was allotted jn retail which is roughly 1:250 ...
If cps was book built retail Ration would have remained 1:300

Hope this helps!

Wheather we can apply for Meson valve ????