Phantom Digital Effects Limited IPO Message Board (Page 10)

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Bhai aapne kha s check kr liya.. hume to abhi bhi no record found show kar rha h..

Sorry, a small correction, oversubscription in HNI category after rejections was only 112 times and not 114 times.

@Aman IPO... we have seen such cases of no allotment in the past too when chances are close to 50-52% . I dont know the reason or rule, but if trying, I try to be 53%+.

You may email registrar if have time, they must confirm. If you get answer please share here also..

@aman: as i mentioned in past too, there is no hard and fast rule for 0.5 only to be considered, it is considered as per availability(excess) of shares left after giving to most eligible ones and not giving to below ratio once so between 0.47 to 0.53 approx , it can be anyway, means someone might be allotted with 0.47 also and someone might not be allotted 0.53 too...its decided based on algorithm as per shares availability and no. of applications....so even this 0.47 and 0.53 also not fixed , it can too vary by little, but most of the times, always it comes under 0.48 to 0.52 range in which it can go anyway....

@Aman, hard luck bro..... Had there been 1 more lot you would have got it....Had there been only 1 applicant at 57 lots.... U would have got it..... Had one applicant of 57 lots applied instead for 58 lots....you would have had 50% chance of getting it.....
You see every single lot category starting from your 58 lots and below where there were only 1 applicant did not get any confirmed allottee..... This is why I had said earlier that never aim for a unique number but round it off to have chance in a lottery because in case of odd lots preference is given to those lot category first where relatively higher number of applicants have applied. Hence 57 lots applicants got 1 lot as it had 2 applicants while your application of 58 lots did not get any lot as you were the only applicant.
The law of 50% does work but you have to keep in mind allotment was not for 1 share but 10000 shares at a go...so approximation leads to slight divergence in the 50% rule and this time it affected you.
This is my personal assumption and I believe you should contact the RTA for more accurate answer and I would request you to post it here....that would help us all in the future....

@justalearner: you are somewhat correct to some point, but information shared by you in below quoted lines is coming as misleading too, so please don't confuse new people here, most old people already knows how it works...

its not about 2 applicants are given preference over 1 applicant, from 2 applicant, one will get 1 lot obviously because the total is 57*2=114 and subscription is 112 times....and being unique favors also many times like as you also pointed for 59 lots, he was being single and allotted with 59 lots too from 112times subscription so its all about surplus and deficit being generated after allocation of available shares to all lot sizes to accommodate max people near to 0.50% range.....so this time he was just at border and got unlucky.....

"This is why I had said earlier that never aim for a unique number but round it off to have chance in a lottery because in case of odd lots preference is given to those lot category first where relatively higher number of applicants have applied. Hence 57 lots applicants got 1 lot as it had 2 applicants while your application of 58 lots did not get any lot as you were the only applicant"

Thank you Avenue, Justlearner and Lokes for all your inputs. I have decided to write email to the registrar and I will definitely share the reply here.

Although I have similar views as Lokes that there can not be hard and fast rule of 50% and if there is definitely some algorithm involved and it may so happen that in a particular ipo even someone with 0.48 ratio may be alloted as there are some shares left after allocating as per ratio and in some ipo's even someone with 0.52 ratio may not be alloted as there are many single lot applications above 0.5 ratio and all the shares get exhausted at 0.53 or 0.52 ratio and below that no one gets anything as happened with me here. Still seeking confirmation from the registrar would not cost anything so I would definitely write to them.

@justalearner
I would tend to disagree with you on the point that we must not aim for a unique number and try to round off so that we come in lottery. Applying with a unique number helps you to get confirm allotment and it has helped me many times. The only mistake I made in sabar was I never expected subscription to go above 100 times and that was my error of judgement. Had it been subscribed 100 times or below I would have got confirmed lot because of being in a unique number. Similarly here many people who applied for 59 lots, 61 lots, 62 lots and so many others got confirmed allotment just because of being in unique number lot.

@lokes and other experts: What if I'm the only application with a unique lot number and it's below 0.50% ? e.g., issue is subscribed 100 times and I'm the only applicant who applied 23 lots, will I be immediately out of lottery and won't be allotted anything?

just trying to understand how allotment/lottery works in SME IPOs.

@SinglaIpo
Yes, definitely in that case you will be out of lottery and you will not get anything for sure.

You were need 2 more applicant with same number of lots for 1:3 allotment when issue was subscribe 114 times.

If hni category subscription is 300 times, and we apply 100 lots will it be considered for lottery? What if applied for 200-250 lots?

@Aman Ipo : if you look at Steelman BOA, only one applicant applied 14 lots (16800 shares) and how did he get allotment?

@SinglaIPO
That is because of difference of algorithm between heavily oversubscribed IPO & lightly oversubscribed IPO, that we still trying to decode.
Higher the amount of oversubscription, very high the number of shares applied from where every lot category has atleast 1 lot allotment, & till that number, some lot with <50% subscription will have zero allotment.
Steelman was lightly prescribed, so no lot category has zero allotment, & even <50% subscription also had min 1 lot allotment. Insolation & Concord were highly oversubscribed so many lot category has zero allotment & after 3 lakh shares category, firm allotment was there. It will be even more tighter allotment in Phantom.
More people looking at BoA with their own perspective, more we will be able to decode BoA process & more we will be able to use it at our advantage.

@IPOGainers
Closest HNI OS to your example (300) is Annapurna (301 times). So let us examine that.

There 100 lot (in fact upto 146 lot) category where there was single application, no allotment, so can assume no lottery was done.

In case of 200-250 lot application (in fact after 150 lots) all single application has min 1 lot allotment. That proves our gurus theory (Avenue, MK, Noorul, Lokes& many).

Allotment will be out after 7:00 PM but generally it takes whole night so better you check the website of its official registrar on very next day i.e. 20/10/2022

@Bull Morris
Who has patience to wait till tomorrow morning.
Can you. Members will start sharing allotment messages immediately from the late evening itself : Happy messages and disappointing messages. Totally a different state of mind.
Wait and enjoy.