@Satish Ramakrishna As far as your applying at lower band of this FPO, I want to say that if you really want allotment in Retail, you should apply at cut off price.
Now your question is concerned, it is not necessary that you will get allotment if retail quota is undersubscribed. I can give you one example of FPO of Yes Bank. Except QIB portion, all other quotas were undersubscribed and FPO was not fully subscribed, the allotment was done at lower price band.
There are two instances of IPOs where retail was undersubscribed and other quotas were fully subscribed and total IPO was fully subscribed, the allotment was done at higher price band. These were Mandkind and Global Health.
The IPO of GLAND pharma was fully subscribed. QIB quota was fully subscribed and others under subscribed. Allotment was done at higher price band.
So, I have given examples of IPO/FPO in detail. Now here in FPO of VI, what happens only time will tell. FPO is still open and final Verdict can't be passed, I think.
Here
@Jey Nayak Will also understand. FPO of Yes Bank, QIB was over subscribed, but FPO was finalized at lower price band. All quotas were not undersubscribed but still allotment was done at lower price band.
@IPO Hawk Is it possible for all to apply after 04.45 p.m? Investors applying by net banking, no bank will allow to apply after 04.45. If there is any Bank, please share, will be very useful to the members, including me. Please don't mind.
I have shared available information of last about 4 years with examples. Please share other information, if any.
Thanks.