1/4 sHNI.... Wasn't very keen to get allotment. Seems a dicey situation ... Could go either way. Hope small size helps in pushing up listing.... If it lists in positive, then will hold for some more time ....
154.1. Imhilli| Link| Bookmark|
January 9, 2023 11:25:45 PM
IPO Guru (1200+ Posts, 700+ Likes)
Don't worry... it would definitely be a positive listing
Hi Senior members, I am relatively new to the IPO/NII category. Per my info, allotment is done proportionately, based on oversubscription for the category and number of shares you've applied for.
I applied for 16100 shares (70 lots of 230) @65/share but received an allotment of 0. How?
Thank you for your help.
153.1. Imhilli| Link| Bookmark|
January 9, 2023 11:19:02 PM
IPO Guru (1200+ Posts, 700+ Likes)
You should have gone for 67 lots. Extra 3 lots were useless. 70 lots is BHNI and 1 in 6 applicants in BHNI will get allotment based on lottery as it was oversubscribedby around 30 times. You were not lucky this time.