Rolex Rings Limited IPO Message Board (Page 27)

You need 60 Lakhs for that hahaha

Yes.. 374

YES, 917 LOTS

For this time, I will put in two applications but will see if I get some advice on this for futre

I have done mathematical analysis of it and here I''ll share the summary:
Case 1: when you split NII money into 2 accounts
Then you may get allotment from both the accounts
Thus, this increases chance of getting 2 lots but it also increases chance of getting 0 lot.

Personally, I like higher chance of getting 1 lot rather than increased chances of getting 2 lots


For the people, who want to see mathematics for it:
Ex 1: Lets assume oversubscription goes 100 x and you have money to by 120 lots.
      a. You split the money in 2 accounts with 60 lots each. So, individual oversubsciption factor = 60/100 = 0.6
            i. chances of getting 0 lot: = (1-0.6) * (1-0.6) = 0.16 = 16%
            ii. chances of getting 1 lot: = (0.6) * (1-0.6) + (1 - 0.6) * (0.6) = 0.48 = 48%
            iii chances of getting 2 lot: = (0.6) * (0.6) = 0.36 = 36%
            iv chances of getting at least 1 lot = 1 - 16% = 84%
      b. You don''t split the money. So, individual oversubsciption factor = 120/100 = 1.2 lot
            i. You will 100% chance of getting 1.2 lot
            ii chances of getting at least 1 lot = 100%


Ex 2: Lets assume oversubscription goes 100 x and you have money to by 30 lots.
      a. You split the money in 2 accounts with 15 lots each. So, individual oversubsciption factor = 15/100 = 0.15
            i. chances of getting 0 lot: = (1-0.15) * (1-0.15) = 0.7225 = 72.25%
            ii. chances of getting 1 lot: = (0.15) * (1-0.15) + (1 - 0.15) * (0.15) = 0.255 = 25.50%
            iii chances of getting 2 lot: = (0.15) * (0.15) = 0.0225 = 2.25%
            iv chances of getting at least 1 lot = 1 - 72.25% = 27.75%
      b. You don''t split the money. So, individual oversubsciption factor = 30/100 = 0.3 lot
            i. chances of getting 0 lot: = (1 - 0.30) = 70 %
            ii. chances of getting 1 lot: = 0.30 = 30%
            iii chances of getting 2 lot: = 0%
            iv chances of getting at least 1 lot = 1 - 70% = 30%

So, if you want some chance to have 2 lots, then it increases your chance of getting 0 lot.
Thus, it will decrease chance of getting atleast 1 lot too.

@IPOlogic... Nice explanation. Good to see 12th class maths probability scenarios after long time 😄