It seems not possible as you are expecting 40% of shareholders to apply,as per your data there are 4.1 million shareholders and that comes around(40%) 1.7 million applications
Market is expecting around 2.5-3 million applications under retail category so is it really possible to 50% of expected retail applications get bidded under sh qouta too? Pointing out because 30-40% people who apply in retail will not be able to apply under sh due to insufficient funds.So expecting 1.7 million applications seems unrealistiic to me.Although I should not underestimate retail power but I believe data.
In good ipos shni category get 100k applications and 50k bhni appliactions,I expect 25k applications frrom bhni and 30k applications from shni who will also bid 13 lots under sh quota.So expecting only 50-60k apps with 13 lots.13 lots applications would be around 100k max(in execessive hyped scenario)
My calculations for sh quota 300 cr reservedAround 1 million applications*1 lot=1500 cr(5x)
Around 100k appliaction average 4 lots=600cr(2x)
Around 100k apps average 7 lots=1050 cr (3.3x)Around 70k apps averare 10 lots=1000 cr (3.3x)
Around 50k apps 13 lots average=1000 cr (3x)
Thus sh would be 16x max.I still feel I have calculated little high,personally feel it will be around 12x .
This is totally assumptions and data based calculations.I may prove totally wrong🙏
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