please provide how many shares will be allotted to eligible shareholders as it got subscribed 23 times. what is the possibility of getting allotment in this category.
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Someone senior boarder explained me this in another forum (not sure if its right). Since the SH category has subscribed 20.75 times now there will not be a firm allotment to anyone who has applied for less that 21 lots.
You are in 13 lots category so they can't allot anyone a firm 1 lot allotment. They will pool the shares (applied) in the 13 lots category and divide it by 20.75. They allot the result of this to the 13 lots pool and created lots of 19 shares. They allot one lot of 19 shares through lottery for the people who have bid for 13 lots.
Please ignore if this is not the right way and someone else can correct it.
No, its not necessary. but bank should be link with demat, it is necessary.
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March 5, 2020 2:51:23 PM
Top Contributor (500+ Posts, 200+ Likes)
Some of the boarders feel that retail subscription is low.It is not so. Retailers know that as the issue is going to be oversubscribed, they shall be better off applying for a single lot only per application. In this scenario, no. of applications shall matter. Also , some of the share holders skiped the retail application (wrongly) . Heavy subscription in shareholders category is due to the fact that applications are with higher no. of lots ; large no. of them being for the max. no. of permissible lots .