Classic Diamond is saying that if retail is subscribed 1.67 times, it will end up with 1 time, due to excess QIB shares available. Therefore, if retail goes 9 times at close, it will actually end up with 5.4 times after QIB shares are alloted to retail.
retail applicants will get more shares than ther catagory oversubscription as qib portion is not fully subscribed, those shares will be spilled between retail and hni, more in retail than hni
Thanks skd for the valuable inputs.Please keep on posting them. I am anyway submitting physical applications of PPL & will take a final call based on GMP n response.