It's only 5 shares.. not per lot. (27*20)/108 = 5 shares... That's it The allotment in HNI category is proportionate.. means when subscription go up by many times you likely to get less and less shares.. That's why most people apply under RII.. it's not question of money.. it is about allotment chances.
If you are lucky you will get 27 shares but by a lottery of 1 in 6 (if you happen to be that one pax, there may be many who applied 19 -23 lots. these all will be pooled)
For HNI > Proportionate; but in quantum of 27. For this case if one had applied 27X110 lots would have surely got one lot. For highly subscribed issues there is no point of just exceeding retail category, you will actually be worst off.
as hni if u proportionately even eligible for 26 shares ......then your chance is nil (repeat nil )unless until a complet lot .....but there are many more such bidder of fraction lot like me also ........ So luck by chance.....
Refund will happen on 15th. So on 15th you will know how many shares are allotted to you. Whatever amount is blocked, you get that many shares. If all amount is release, you are allotted 0 shares. Depending on bank, refund happened as let a 11 PM on 15th Apr Most probably allotment status will be available on 15th only. Karvy doesn't work on Sat n Sunday. So hold to your horses and enjoy weekends.
@Bhupendra Dont spread rumors unless u have full knowledge of the topic..I applied for metropolis from third party bank ac and got alloted. People get confused by such posts.
Can't. New rules will be implemented only after 30-6.19.as banks are not updated their software. Please don't spread rumors otherwise you know it fully.