Mundra Port and Special Economic Zone Ltd IPO Message Board (Page 180)

ICICI Securities where I had submitted my application told me the application is executed and have given the transaction number , but cheque not yet debited . Does this mean I have to just wait for the debit Is it only a formality.

this is one of the hitest ipo of the year it make investor richer and there is confirm allotment who applied 225 shares so wait and watch

cheque debited on 13/11/07 so allotment on 23/11

Just wait friends, dont waste ur time to calculate complex calculations for allotments..

one can keep mundra for med term till march... it can reach 1450

my dear sreenivasa v., Allotment will be in marketable lot only as in past IPOs. In this case this is 15. hence no applicant will get less then 15.

Please let me know the allotment date of issue of mundra port.

Hello all
I would like to share my knowledge regarding allotment of shares for retail applicants in a book building issue in case of over subscription:
After fixing the issue price
Step 1: Prepare a table containing the following details: Column 1 - No. of lots (example: 1,2,3,4,5, upto max lots), Column 2 - No of total shares bid for, Column 3 - Percentage of total shares bid for at issue price and above issue price, Column 4 - No. of shares allotted to each cateory (1,2,3, max lots), which is calculated by multiplying the percentage term in column 3 by the total no of shares reserved for retail.
Once the above table is prepared, the allotment is decided within each category (lot wise) by the following procedure:
Step 1 - calculate as to how many complete lots can be given to each applicant. It may be 1, 0r 2 or 3 etc. If it comes to less than 1, the category goes under lottery system, by which a certain no of applicants out of certain no (some other number) of applicants (example 13 for every 16 applicants) will be given a single lot. if the number of lot can exceed more than a whole number lots (1,2,3,etc), every applicant will be allotted a whole number lot and then the remaining shares will be equally divided among all applicants.
The above procedure has to be repeated for every lot-wise category.
Important Note: As a result of the above methodology, no one can get shares, which is less than a single lot size (say 15 shares). At the end of the process following will be the result:
1. Some applicant: 0 Share
2. Some applicants: 1 lot, 2 lots, 3 lots, etc
3. Some applicants: whole number lots + less than the lot size (say 7 shares, 9 shares, etc, for the lot size of 15)
I welcome your corrections, if I misunderstood something
Bye
Mani

For mr. kiran (682)...
the allotment method given by you is not right....you have just calculated by using a simple formula [(16.1941/No. of times lot applied)*100]. as some of the retail subscribers have applied for less then cutoff price, hence will not get allotment. so chances of allotment are higher then you shows for those people who have applied at cutoff.

Don't worry raju it will be clear tomorrow many of my bank collegues has same problem not to worry my freind

be positive

Mr.Kiran how u derrive this figures will be tell me in breif.

Guys
Iam seeing these allotment messages. But I decline these views. Its not compulsory to mudra to allot exactly 15 shares per person. It may be 12or11or13. The applicatnts who applied for 225, they surely get the shares. if not 15 definatly 13 or 12.
Good luck.
Srinivas

Hi All,
I am from Bangalore.I had submitted the app form to UTI securities on 6th novr.Till date the chq is not presented at my bank.Can anyone from Bangalore tell me whether their chq is debited or are they to be cleared tomorrow bcoz of intervening holidays.It is very late now ie 6 days after closing and chqs are yet to come to the bank!!!I hope the allotment and refund process work will be smooth with registrar intime spectrum taking care of this deluge of apps.

hi friends,
i applied for 105 shares of mundraport
can anyone tell me what is the changes of allotment.

hi its verry verry good

Can anyone tell me Retail Subscription, Site Shows 16.1941 but CNBC shows 13,

Hi All, Pls find below the chances of allotment against the number of shares applied. Example:- Those who applied for 225 shares there is chance of allotment of minimum lot for 100 people out of every 108 applicants who applied for 225.

Applied For      Chances of Allotment
225       100 out of 108
210       100 out of 116
195       100 out of 125
180 100 out of 135
165       100 out of 147
150       100 out of 162
135       100 out of 180
120       100 out of 200

Hi all

anybody from ahmedabad got debited chq from account plz let me know banks are hdfc bank and kotak bank....

Rajesh Modi,

Mine is citi bank cheque.Will it be debited today? I am afraid if they have missed my application as most of the accounts were debited yesterday.