Systango Technologies Limited IPO Message Board (Page 9)

As per NSE
No. of times issue is subscribed      35.41

As per CG... 23.84x

Who is correct ?

Still confuse where to apply.
Systango Technologies Limited or Vertex.
Vertex allotment chance is very good and 10000+ listing gain is possible but here allotment chance is very less and presently gain in around 15000.

His chances are 109/200 = 55%

He will get 1 lot , if he is only applicant for 109 lot.
If 2 applicants , only 1 of 2 will get 1 lot.

@Avenue.... that's incorrect... bidding is only valid if minimum 2 applicants are there for a particular lot category in a highly subscribed ipo.
If it is under subscribed to your bid then confirm allotment.
In an extremely oversubscribed even the 2 or 3 applications are rejected for a same lot category.

Check boa for more clarification

@Monster zero
Avenue is 100% right. We have seen 100s of BOAs and whatever Avenue said, that's how exactly happens.
Thanks.

@Monster Zero.. I hate to dissagree you as I respect you a lot... But on facts if someone is above 52% of overall sub in HNI and is only applicant, he will be alloted. I mentioned above 52% as 48% - 52% is still a grey (doubtfull) area for me.
🙏🙏🙏

@Monster & Avanue - in Macfos i had applied 11 lots, but the allotment in 11 lots in BOA is not shown. what should i understand from this.

@Dowg,
BOA shared is sample BOA.
In sample BOA, all lots will not be shared........

Hello @Avenue ji. I know that you are expert in this area as you have cleared my doubts previously in Sabar thread as well but would like to clarify my understanding in this case.

Taking e.g. of what Wishal mentioned, if IPO is subscribed 200x times and someone applied 109 lots.

In HNI, since minimum no. of lots to be applied are 2, then it means in the worst case if everybody applied 2 lots, that translates to 100x times application. So every 100th person will get 1 lot, since he applied 109 lots, doesn't it mean he gets 100% guaranteed allotment?

I checked most of the BoA, usually, HNI allotment probability who applied 2 lots is near to (subscription times)/2 and a similar ratio follows with the increase in lots.

@Eren.. allotment chances are always applied lot / HNIx sub (here 109/200 =0.55)
and at every lot size 2, 3, 4.... even 100--200, Allotment is calculated by multiplying no. of applicants at that lot size.
Suppose there are 75 applicant at 2 lot size, allotment chances for each are 2/200 = 0.01 (1%) now this 1% is multiplied to total applicant at 2 lot size (75).
So lots to be alloted in 2 lot application category are (0.01 * 75) = 0.75. This number is rounded to nearest integer, here 1. So 1 of the 75 applicants at 2 lot application will get one lot.

@Eren ... I am not expert and learned from here only.

And don't get confused with minimum 2 lot application. Every sub has resulted in 200x sub in this case. And even if nobody applied at 2 lot size, hypothetically, calculations will remain as above.