Hi, I think powergrid also subscribed 16 times and I could get decent allotement on 78000 application and it was firm so not a cause of worry. Everybody in range of 80+ would get some allotment
No one will get firm allotment it will be through lottery only. Can reger MAYTAS IPO allotment cycle which is exactly like this one. And only lucky ones will get 15 shares or nothing. All the best !!
AS CUT OFF PRICE OVER SUBCRIBED = 15.53 TIMES AND POSSIBLE REJECTION DUE TO TECH.REASONS ,ROUNDING OFF IN OTHER CATEGORIES , THERE WILL BE FIRM ALLOTMMANT ON RS.1 LACK APPLN . ALL THE BEST ,HAPPY DIWALI ...........
Hi, In retail section out of expected 194814525 shares ONLY 186882270 shares bid are made at Cutoff price.With this said does that not mean if the price of IPO is decided at 440 then all the bidders who applied at cutoff will surely get an allotment. Please let me know ur views.
Hi Raj(549) Firm allotment mean surely u will get the minimum no. ie 1 lot of shares without any lottery system else if subscription is too too high even max applied application ie 1 lak will also undergo lottery