Retail investors got 5% discount so the effective price will be 85.5 and not 80.5 as mentioned by you. so 85.5*279 equals the amount debited....enjoy the allocation...
Seems there is mistake in the amount debited in HDFC ASBA. Amount debited does not match with multiples of share price. Total shares applied 1040 Amount debited 23854.50 Shares credited are not known. However one canot arrive at this figure if we multiple any number of shares with 80.50. For 1040 shares applied allottment should be 279 and amount debit should be 22459.50. It appears that Karvy has made it a mess again.
I do not know why some idiots are shorting in the morning daily .They are forced to cover in the evening & powergrid is closing at its highest point.Anyhow I have bought in the morning & now sell in the evening around 101.
@1592: How many lots u ve applied, so that u ve got 297 shares as allotment. I ve applied for the max amount(around 99K). How many shares mostly would be alloted to me?