Non Institutional investors segment is oversubscribed 135 times, assuming 70 times oversubscription at cut off price, chances of receiving allotment is (270 / 70)
I have applied for Mind Tree shares through icicidirect.com As I am new to this field, by mistake, I have selected non-institutional option and applied for 270 shares.Before applying, I was not aware that the investment is going to be minimum investment in non-institutional investors sector.
Now, I would like to know, are there any chances of getting allotment?
i applied for 90 shares.but by seeing the oversubscription rate... i have doubt to get minimum 15 shares atleast.And oversubscription rate is itself says how this IPO impact all. definitly it is an another Tech mehendra...
Hi All, I have a query regarding Mindtree allotment. If you have applied for 1 lakh, then you could have applied for 225 shares i.e, 15 lots. Now that the Issue is over subscribed by 30 times i.e 225/30 is 7.5 shares. So If a person has applied for 225 shares then will he get 7.5 shares or is the entire allotment based on lottery?
If it is based on lottery for people who have applied for Rs 1 lakh then I don't think "Mindtree" was worth applying for?