Intime has just confirmed that they will be sending refund thru post (and not thru ECS). They are the worst registrar.
Also they have confirmed that maximum number of applictions are in Rs 80000 category. So no chancess of allottment for those applied for less that 80K.
as "chitta" hs said tht avg application size is 72,600 (nearest multiple of 6600 to 70,000), then at d max applicants fr 225 sh category can b 66.7%..again based on simple averagen arithmetic...so this means ovrsubs rate of max 10.8x fr 225 category...100% firm allotment of 15 sh.. my calculation says 225 category likely to get 20 shares..
i agree with friend 585ABC . ohhhhhhh he has replied with a thunder. let me believe 586 RAJKOT BULL .....he is also correct....... both these friends in this board and ipo line, probably since long . i am new .
but i would like to emphasize - average application of MUNDRA more than Rs70,000... unprecedented. intime spectrum going for a new rule like MAX lottery can not be ruled out. dear ABC and RAJKOT BULL plz msg........
I have applied for 10 * 15 = 150 in Mundra and 4 * 15 = 60 in empee dist ... what r the chances for me in getting shares from any of these 2 companies ...
dear all retail at cut off 15.53 times. after technical rejections or multiple applications rejections maximum lot of 225 will get 15 shares firm, do not worry, it final 15 shares for maximum lot,cheers, no more guess please ..........enjoy happy diwali
total shrs offered 4 retail was 12,030,000 and applications received were 194,814,525 resulting in ovrsubs of 16.19x. for applicants of 225 shares (Rs99000) 2 result in lottery, 93.24% of total applications of 194,814,525 have to be 4 d max amt i.e. 181,653,075 applications. only under this scenario there ll b a lottery 4 225 category..i wud like to ask "chitta" tht in which ipo in d past 93.24% of applications were 4 full amt.."ipo update" mite b sounding nice but not being practical..if anyone is interested i can put up d calculations.. if u dont believe me i hope u atleast understand simple arithmetic n probability. d probability in ths case 4 225 category not get firm allotment is close to zero.
MUNDRA same as CENTRAN BANK 16.20 times subscription only mundra maximum lot is 15 but central bank maximum lot was 16 .....
same intime spectrum .. it will be a touch and go situation for MAX 99000 mundra ... finger crossed .. any way friends mundra is a great IPO not to be sold . mundra will be a wealth creator .
HAAPY DIWALI ( off course diwali would have been better had retail subscription little less i mean 1 time less )
mr ipo update..allotment doesnt wrk like tht by simply dividing amt applied by oversubscription rate.only if all investors had applied for 225 shares resulting in an oversubscription of 16 or more, there wud hav been a lottery 4..i m 100% sure 4 those who hv applied for 225 shares wil get 15 shares atleast. incase u stil dont believe jus wait 4 allotment n tel me 1 person who appiled (225) n didnt get allotment..i ll tak my words back..
all those who hav applied for Rs99,000 (225 shares) will get firm allotment of 15 shares atleast..need not worry at all... other categories (gr8ter than 165 but less than 225) might result in lottery. Anything less than 180 is lottery 4 sure.so 225 category jus sit back & wait 4 an allotment of 15 shares at least.
Those who have applied for 180 shares to 225 shares are likely to get FIRM allotment of 15 shares. For the rest, depend on luck. This is based on OMAXE IPO, by same registrar, which was oversubscribed ~13 times by retail investors.