Hi, I have applied through Sharekhan(Non-Asba) and got nothing in VRL. Can someone please guide me as to when I will get my refund and if it will be direct account credit or through cheque. Thanks!
I believe allotment is done and link is working- could not understand the basis - as if someone applied for 650 got 65/ someone applied 325 also got 65 and someone applied 520 also got 65.....any update on how this is done?
Mr. Ankur, If some one is applied for 65 and some one is applied for 650. if the issue is oversubscribed the ratio of allotment will be same for all lots. min lot (65 shares) only allotted even a person is applied max lot (975 shares).
As per new SEBI Rules : Every Retail Investor shall get a minimum of 1 lot irrespective of who applied what. If number of applications in Retail Category are higher than number of lots available in IPO, single lots are allocated to investors on lottery basis. Now... It doesn''t matter how many lots have you applied.