cn any one whts d criteria for allotment ,bcoz it has 18x subscription
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September 1, 2014 1:45:44 PM
Top Contributor (500+ Posts, 100+ Likes)
AS PER NEW RULES, EACH ELIGIBLE APPLICANT IS SUPPOSED TO GET MIN. 1 LOT (300 SHARES)PROVIDED IT DOES NOT EXCEED TOTAL ALLOCATION FOR RETAIL CATEGORY. IN CASE IT EXCEEDS, THEN IT WILL BE A LOTTERY SYSTEM WHERE LUCKY ONES WILL GET 300 SHARES EACH.
300 share category oversubscribed by 18.5 Times and overall 41 times in retails means 1 out of 18 will get 300 share while... 1 out of 3 will get 300 under 4200/2 lac category.....
How about applications in between 1 lot & 14 lot. That means allotment probability will be different for each lot category . 1 lot category 1/18 2 lot category x 3 lot category y 4 lot category z . . ......Finally as you say for 14 lot category it is 1/3.