hi rajesh, may be your formula worked fine.. but some people got allotment of 20 shares..but some didn't..having applied for 160 shares in both the cases...? ??
formula of alltoment by ((447. Just Gain)) hold good to calculate allotment (59.180.22.101) 8/3/2007 4:37:58 PM IST Hi Frnds, I Will Tell You The Formula Of Allotment. For Retail No. Of Shares /8.1% And Got the Result Of Allotment.
For HNI No. Of Shares/1.37% And Got the result of Allotment.
And Allotment result Must Be Greater than 20 shares Otherwise Your Application put in the Draw for 3 of 20.
Omaxe has just given frustation to all of us.. i think the same will happen in the case of ZYLOG and OMNITECH.....issue size for OMAXE was not small.. what u say guys.. is there a real saturation in IPO's...
It is possible that the share price takes a beating as the market SWINGS in this volatile manner. If the share price comes anyway INR 350, I would suggest go ahead and buy as many as you can.
I have now started one of my own FREE BLOG of long term picks, anyone interested can see the link in my profile to my blog.
I am only an investor myseld neither a broker/agent or anything. And I am in the UK for the next 2 years.