If someone applied for 14 lots (of 27 shares each) in HNI Category and the IPO gets oversubscribed by 84 times in NII Category, minimum how many shares will be alloted ?
Thanks for the responses... One more doubt... So in HNI Category..how the allotment happens...based on the No. Of applications or based on no. Of lots... For example:- let's assume total lots available for HNI Category: 100 Total no. Of applications received in HNI Category : 100 Total no. Of lots applied in HNI CATEGOTY : 200 (1 person applied 101 lots and rest 99 person applied 99 lots) Now how the allotment will happen..1 lot to each applicant or 100 lots to 1 person who applied 101 lots...?
Since HNI subscribed 110.42 times anyone who applied for Rs 1425743.04/- and above will only get allotment. 1st 1 lot will be allotted and then remaining on proportionate basis.
if you have applied 2970 shares @ 538 - 16 lac application, den u will firmly get 27 shares. Below that will be lottery system
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April 9, 2019 5:56:08 PM
IPO Guru (1300+ Posts, 2000+ Likes)
Those who have applied under HNI but below 110 lots they will still going to consider for 1 lot allotment in lucky draw as per HNI oversubscribed ratio, ratio would be 1:7* for this IPO. (HDFC AMC HNI oversubscribed 195 time there ratio was 1:14*) Above is still depends of Registrar, but karvy usually follow this pattern.
However in RII ratio will 1:3.5 for this IPO
So if you dont have too many lacs, its always better to apply single lot in RII for issues like this than blocking few lacs in HNI category.
1- This message means 20,72,53,800 received at cut off 2- Additional (45,71,41,620 - 20,72,53,800 ) received at Rs 19.00 making total at Rs 19.00 including cut off at 45,71,41,620 - Only this number valid if price fixed at RS 19.00 3 -Additional (45,89,73,060 - 45,71,41,620) received at Rs 18.00 - - Only this number 45,89,73,060 valid if price fixed at RS 18.00 4 -Additional (46,33,16,100 - 45,89,73,060) received at Rs 17.00 - - Only this number 46,33,16,100 valid if price fixed at RS 17.00
Many noob members were giving subscription for metroplois so that retailers money get blocked. Guys always do proper research don't fall into the trap of members trying to fool you.
. On the final day of issue, the Polycab India IPO received around 26.84 crore bids by afternoon, according to data available with the NSE till 2:45 pm. That marked a subscription of 10.70 times for the Polycab IPO.
2. The Polycab IPO received around 2.55 crore bids at the cut-off price at the time. Subscription at cut-off price means that investors agree to purchase the shares at the offer price as determined the end of the book-building process.
3. A price band of Rs. 533-538 apiece has been set for the Polycab IPO.
4. Shares under the Polycab IPO can be subscribed in the lots of 27 units. This means that investors can subscribe to the IPO at a minimum of Rs. 14,391-14,526.
5. Mumbai-based Polycab India is engaged in the business of manufacturing and selling of wires, cables and other electrical goods.
COMMENT Meanwhile, state-owned Rail Vikas Nigam's IPO to raise Rs. 482 crore was subscribed 1.8 times last week.
i want to sell 14 application with different pan numbers , if anybody want to buy then contact me 78884.-30023