Polycab India Limited IPO Message Board (Page 14)

This was physical form with payment mode UPI

Really???

I just witnessed, what you did here...let's just pray you don't get zero

My luck is Great because of my spiritual following and expertise since i work for the country's biggest and most ethical Financial group.

Moreover I got handsome allotments in HDFC Std Life(100% allotment), Bandhan Bank, Hdfc Sec etc..
Will surely update here after getting good allotment in Polycab also!

Got it.. you work for Punjab National Bank.

No, You are wrong...
Anyways Irrespective of professional legacy no one gets any preferential treatment when it comes to Basis of allotment.
SO no use of making a Guess.
Anyways GN.

Since it is oversubscribed,you may get only 27 shares and that too on the basis of lottery. Your application is at par with 1 lot application.

I don't think company has finalised Basis of allotment, so how can you give figures, are they from company side or your assumption/Conclusion??

Basis of allotment does not mean deciding rule of the allotment... The rules are already fixed as given in Red Herring Prospectus. Registrar/owner can not change them once IPO is open. Basis of allotment is merely distribution of shares.

Zero or 27.

Where in Red hearing Document, its mentioned, I mean on which page?? Moreover is it a thumb rule/Guideline of SEBI (that all applications in retail category will be treated same irrespective of lots applied) in most of IPO's which are oversubscribed or Its Registrar/ Company specific.

Red hearing prospect it does not mention how many lots u will get when there is oversubscription. However whenever there is over subscription, u get one lot irrespective of lot u have applied. In some cases, it is one lot + few more shares.


That is way of allotment when it is oversubscribed. Also you need to be lucky to get selected in random lottery process to get 1 lot allotted.

Read SECTION 7: ALLOTMENT PROCEDURE AND BASIS OF ALLOTMENT, in case of polycab its on page 627.
7.1 ALLOTMENT TO RIIs
Bids received from the RIIs at or above the Offer Price may be grouped together to determine the total demand under
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this category. If the aggregate demand in this category is less than or equal to the Retail Category at or above the Offer
Price, full Allotment may be made to the RIIs to the extent of the valid Bids. If the aggregate demand in this category
is greater than the allocation in the Retail Category at or above the Offer Price, then the maximum number of RIIs who
can be Allotted the minimum Bid Lot will be computed by dividing the total number of Equity Shares available for
Allotment to RIIs by the minimum Bid Lot ("Maximum RII Allottees"). The Allotment to the RIIs will then be made
in the following manner:
(a) In the event the number of RIIs who have submitted valid Bids in the Offer is equal to or less than Maximum
RII Allottees; (i) all such RIIs shall be Allotted the minimum Bid Lot; and (ii) the balance available Equity
Shares, if any, remaining in the Retail Category shall be Allotted on a proportionate basis to the RIIs who
have received Allotment as per (i) above for the balance demand of the Equity Shares Bid by them (i.e. who
have Bid for more than the minimum Bid Lot).
(b) In the event the number of RIIs who have submitted valid Bids in the Offer is more than Maximum RII
Allottees, the RIIs (in that category) who will then be Allotted minimum Bid Lot shall be determined on the
basis of draw of lots

Once this is specified in Red herring, Registrar cannot change the basis of allotment. Every valid RII will get allotted minimum one lot irrespective of the number of lots applied by any RII. i.e. As RII, applying too many lots does not give you any preference/advantage over the others. Everyone is equal and eligible for minimum one lot.
Once all RIIs get at least one lot, if any shares are remaining, they will be allocated on a proportionate basis.In case of polycab there are hardly any chances of any shares remaing , some RIIs may not get even minimum lot. So AnkurGoel above is correct, you may get one lot(27 shares) or you may get nothing.

Thanks for your reply, And Its clear according to Section 7 A as you mentioned, it clearly states that if a person has applied for more than one lot and the issue is oversubscribed then applicant will either get minimum bid lot and still if any, remaining in the retail category shall be allotted on a proportional basis to RII.

It means Section 7 (a) (i) I can get Minimum bid lot and also extra (Balance) shares on proportionate basis and definitely not Zero as mentioned by some people here.

Same rule were applied in Bandhan bank IPO also where also i applied in RII category and got one lot + shares on proportional basis for extra lots applied.
Any ways thanks for your time and efforts!

Will you please Compare Ratio of allotment in bandhan bank and polycab????

Bandhan bank RII allotment ratio around 1:0.95

Polycab RII allotment ratio will be 1:3.5

YOU will get ZERO or 27 max as said by few members

if Still in confusion wait for tomorrow.

how can one apply 13 with same PAN number?all 13 will be rejected.

He applied one application with 13 lots.

BOTH APPLICATION WILL BE REJECTED

Over smart or new to ipo

Per PAN only 1 application is allowed

Your application will be dejected.

Ranking of Indian banks

SBI USELESS BANK. POOR CUSTOMER SERVICE

So which one should we accumulate for next 10-15 years

@ Athar. Before complaining compare the per staff dealing with customer per day of sbi staff with other bank staff or other govt deptt.