Mindspace Business Parks REIT Message Board (Page 9)

Not so on in this IPO. It is like HNI quota allotment which is proportionate basis subject to minimum lot size.

Dont spread lies. Higher the number of lots applied better the prospects

@Black Swan, just wait for allotment date. Then we will talk.

@ankur goel

Why wait till allotment date when it has been made clear about the allotment process (even discussed by many board members and confirmed by admin that it is proportional basis).

At present subscription figures of HNI, anyone bidding for above 16 lots will get at least one confirmed lot (can be more too). Below that it will be lottery (but some one with 15 lots has better chance that someone with 1 lot)

Definition of proportionate :

The over subscription ratio is then applied to the number of shares applied for and the number of shares to be allotted for applicants in each of the buckets is determined. Then, the number of successful allottees is determined. This process is followed in case of proportionate allotment.

Allotment rule for DRHP of Mindspace:

Further, not less than 25% of the Offer (excluding the Strategic Investor Portion) shall be available for allocation on a proportionate basis to Non-Institutional Investors, in accordance with the REIT Regulations and the SEBI Guidelines, subject to valid Bids being received at or above the Offer Price.

@iponooob, Did you say something different, lottery or equal opportunity is same. everybody has equal chance until he is the only one in race.

Stupidity and incompetence probably. They would have hard coded the system not to accept more than 2L application amount (which is 3 lots in this case). I had faced the same issue in IndusInd bank wherein the system didn't allow for more than 2L application in Individual category in SBI cards (turned out to be lucky for me). But now I think they fixed it.

PSBs are scrap.I always find some difficulty in PSBs in most of the IPOs.

Open bank account with SBI. SBI has one of most reliable ASBA netbanking facility. I have seen it down only once over last 10 years at the time of Ujjivan Financial Services IPO.

Better to open with HDFC if you want to take advantage of late applications (one can apply till 5PM on last day, in SBI only till 2 PM). They have a reliable ASBA system too but no third party IPO applications.

If u r accepted cut off price, . Limit up to 2Lac only

If u r mentioned price 275 or 274 ( no cut off price) , unlimited

Same happened in IDBI BANK.
Only accepted for 3 lot.
Stupid system. Tried at cut off & at 275 both but no means no.

Its your wish. No body has forced you to apply

2 pm for sbi.

Sure you are right, but you should also accept the fact that list CAN be in discount even after big subscription figures.

Anyway with such high sub figures in HNI category it would need minimum 8-10L to get one confirmed lot. Most retailers would just stay away even if they wanted to participate (main reason why they have kept such huge lot size)