Quess Corp Ltd IPO Message Board (Page 24)

There is nothing like people who have applied for 1 lot have higher chances of getting allotment. Someone who has applied for 1 lot has equal chance of getting allotment vis-a-vis someone who has applied for 3/4/5 lots. According to the new SEBI rule, if the IPO gets oversubscribed in number of applications term, by lottery applicants will be identified and each one will get exactly 1 lot. As such, even if u apply for 5 lots, u can only get max 1 lot. So, if the IPO gets oversubscribed in number of applications term, apply for 1 lot only and save the remaining money from getting blocked (if u had applied for 3/4/5 lots). This is the reason experts mention to apply for only 1 lot if the IPO gets oversubscribed in number of applications term. Hope it helps.

If that is the case how come people who have applied7 lots are getting 3 lots? technically as you explained they should get only one right? or they lying they got 3 lots?

ONLINE UP TO 3 PM

I have an account with SBI and have applied in the last 3-4 IPO''s . I have been unlucky, as I did not get any allotment.
But, from my experience TILL NOW, I find the amount is released within one day of the allotment status is released.
In fact, I had applied in Quess from the funds released from MGL IPO. This is FYI.

4-5 days

ker na apply !

317*450(10 lot)

Since the issue is over subscribed in multiple times, it will not make any difference whether you apply for 45 shares or more in Retail category.

Hence, it would be most appropriate to apply for 45 shares each, in two applications, so that the chances of allotment would be better.comparing to single application.

Thanks PSR,

Appreciate your response. Do you mean just 1 lot each in 2 applications or 7 lots in each?

Is there a constraint which consider applications only if we have utilized full retail limit (2 lacs).

Regards