Kindly help! I had submitted 3 applications and got a msg confirmation too that my bid was successful for all 3.Now when i m checking the allotment status it''s showing PAN not found for all 3..He is it possible?
I have applied for 10 lots(450 shares) from ICICI Direct account and no allotment. On what basis this allotment is done? When superscription is 9.85 times in RII, at least I should get 1 lot for 10 lots application. Expert pls help me to understand it in better way
if you apply in excess of 1 Lot is a application over subscribed IPO your lot will be considered as one only... So , there is no use of applying in multiple lots
allotment is done application wise and not lot wise. Every 1 out of 9 applicatants got allotment. Instead of applying 10 lots in single application try to apply single lot in 10 different application with unique PAN for each application (friends/relatives)
If an IPO oversubscribed no of application wise then chances of allotment for 1 lot and max lot become equal. so instead of applying for max lot through one account try to apply for one lot from different accounts having different pan
Thank for the response.. You mean If some one has applied for N lots or 1 lot, will have equal chances for allotment. Say if N lots application is picked for allotment, it means he will get all N lots?
Why do we see some one saying applied for N lots but got only 1, 2 lots!!!