S H Kelkar & Company Ltd IPO Message Board (Page 9)

Miss pinkyjain i m not taking pain at all.thanks for your concern.I just want to knw the source. Kindly please share.I would b obliged

once the issue is oversubscribed it is luck of draw does not make any difference if u go for one lot or max lot in RII bucket ...... however multi application is better option if Sipo is over subscribed

Everyone with one lot at cut off price would get it. Also, many people would have applied for multiple lots. Some would have applied for 2 lots, some 3 and so on. So out of a subscription of 1.9, lets say 40% are people with one lot. So out of total no of shares for retail investors, 76% would be by single lot applicants who would be duly allotted the shares. Rest 24% of shares left for retail investors would be distributed in applicants with multiple lots. So allotment of shares is very scientifically done and there is no lottery system in vogue. This is as per sebi guidelines of equal distribution of shares among all investors.

Another clarification. I have also included in 40% all those people who have multiple lot applications. So after everyone gets shares with at least single lot, rest are then distributed among others.

that is completely wrong just go and look at basis of allotment in past issue which r over subscribed the whole application and allotment changes with how many people applied and how many lots they have applied... no sure shot that single lot people will be 100% this can only happen mathematic IF the number of application equals same number of lot size available.... example Sipo RII is 10000 shares min lot 1 so total number of share holder max is 10000 and only 10000 people applied even if the issue subscribed 100 times in RII since denominator is same 10000 all will get one lot of one share even if you have applied 1 million shares or one share....

THE KEY IS HOW MANY APPLICATION IN CASE SHK TOTAL SHARE IS 10,046,362 SO DIVIDED BY 80 SHARES LOT SIZE APPLICATION 125579 IF IT BELOW THIS THEN ALL WILL GET ALLOTMENT OVER THIS IT IS LOTTERY

ALSO IF TOTAL APPLICATION IS LESS THEN 125579 THEN PEOPLE APPLIED MORE MORE LOT WILL GET MORE SHARE LATELY WE HAVE SEEN IN IPO 96%APPLICATION IS SINGLE LOT

Five applications can be made from a bank account per issue however sometime SCSB does take multiple application not sure why but sometime says one application per account

yes u can