Hi, I have applied 525 shares @425(Cut off price) in Rosarri BioTech in HNI Category.
HNI/NII oversubscribed 289 times.. I was expecting at least 1 share to be allotted. But i received NIL. As per my understanding, HNI is proportional basis. no minimum tick.
I have applied 5 lots (175 Shares) @ 425 Rossari Biotech Limited through SBISmart. The basis of allotment is 5:1. Then why I have not allotted any lot. Entire 5 Lots rejected. Some of them got 2 out of 4 lotss.
Then what is the basis for allotment they followed
The allotment ratio is 5:1 [1 allotment out of 5] correct, but that doesn't mean who ever applies for 5 lot will get 1. Whoever has got 2 allotments out of 4, must have applied from more than 1 Demat account. As the IPO subscription was more than 1x, there is no chance that an applicant can get more than 1 lot even he/she has applied for full quota.
413.2. Jainvipul| Link| Bookmark|
July 21, 2020 5:42:55 PM
Top Contributor (400+ Posts, 300+ Likes)
One pan no got 1 out of 5 pan no Extra lot not meaning
Yes I applied via Zerodha using Axis bank UPI and got it allocated! Even till now I get didn't any message from Axis bank, had to check through Link Intime site!
Received mail from zerodha You have received allotment of 35 shares against your IPO application for Rossari Biotech Limited. These shares will be credited to your demat account tentatively by 22-07-2020 and any additionally blocked amount will be reversed by your bank by 21-07-2020