In undersubscribed IPO, there is a chance of allotting shares at lower price band. but generally companies reduces the IPO size to the subscribed amount or subscription is managed by LM
660.9. Paymzia| Link| Bookmark|
April 22, 2024 3:41:01 PM
IPO Guru (2700+ Posts, 4700+ Likes)
NRockz
As of now 60% of the retail portion subscribed They consider all categorie and final decision is BRLMs. Not on retail category subscription And remaining categories over subscribed .
To all those who are having doubt regarding shni and bhni subscription. Since shni subscription is more than 1 time so now there will be a lottery considering there is no technical rejection and everyone has bid just 15 Lots( minimum lots) In Bhni if the subscription remains upto 5 times then everyone will min 15 lots definitely but if it goes above 5 times then the lottery will come into play assuming that everyone just applied for 10 lacs+ worth of the shares i.e 71 lots.
@StarGarage Yes. In sHNI there is possibility of oversubscription as quota size is relatively small and allotment may take place using lottery. Whereas retail is going to remain undersubscribed and sureshot allotment of one lot plus additional shares in pro rata for those applying multiple lots
651.3. SaRang 사랑| Link| Bookmark|
April 22, 2024 3:10:48 PM
IPO Guru (1300+ Posts, 2000+ Likes)
assume that the retail final subscription is 70%, so the remaining 30% of retail shares will go to only HNI or both QIB & HNI?
If retail portion remains undersubscribed, balance shares will be offered to sHNI and bHNI (provided those categories are oversubscribed) but can not be offered to QIB category.
An under-subscription in one category (other than the QIB category) may be offset with oversubscription from another category in consultation with the Lead Manager, the Registrar, the Exchange and the issuer.
Source : Chittorgarh.com
650. Manup| Link| Bookmark|
April 22, 2024 3:25:14 PM
Top Contributor (400+ Posts, 200+ Likes)
Discount listing me bhi 10rs pe accha support milega,, so max ~10% discount according to me. I think listing day pe around 11.6-12 ki range me open ho sakta hai.
649.2. ADP| Link| Bookmark|
April 22, 2024 3:24:18 PM
Top Contributor (500+ Posts, 100+ Likes)
Subscription data display includes demand for UPI & Non-UPI bids. In case of UPI bids, only bids with status as RC100 – “Mandate Accepted by Investor and amount Blocked” are displayed.
It means retail quota fully subscribe ho jayega.... because most of us are waiting for more better QIB numbers then approve UPI mandate.