@IPOTraders Yes, lot of first timers and lot of misconceptions.
1. Some thought TML shareholders can apply in employee category.
2. Employees of TCS and other Tata companies applied in employee category.
3. Shareholders of TCS and other Tata companies applied in shareholders category.
4. Some people bought TML shares during IPO days and applied.
5. Some first timers might have incorrectly filled the form - applying lower bids, HNIs ticking cut-off.
6. Few people who had Tata Tech shares from gray market and applied under shareholders.
We will see record breaking rejections as well.