Let us take example of ADANI POWER
Lot size were 65 and in retail portion you were allowed to apply for maxm 975 shares value 97500/ at cut off.
Retail invester should apply at cut off only as it is an understanding that whatever price is decided shall be applicable and excess paid by you for applying at cut off , 100 in case of ADANI, will be refunded.CUT OFF BIDDING IS ALLOWED TO RETAIL INVESTORS ONLY
If you applied for :
65 or 130 shares : retail oversubscription is 2.96 times . on dividing your application quantity entitlement works out 22 or 44 share respectively. SINCE MINIMUM ALLOTMENT MAY BE 65 SHARES ONLY , instead of rejecting your appl , you will be allotted 65 shares by Lottery, but to some lucky one only.
195 to 975 shares : if you divide 195 with 2.96 it comes to 66 shares , so 195 share appl will be alloted firm 66 shares , similarly you may calculate for all other applications too. few shares may be allotted extra as retail oversubscription may come down due to rejection,lowprice bids , cheque bouncing etc.AS OVERSUBSCRIPTION WILL NOT INCREASE OVER 2.96 TIMES ONCE BOOK BUILDING IS OVER AND DETAILS DECLARED.
you may daily watch subscription detail uploaded every hour on www.nse-india.com or www.bseindia.com
GB
Lot size were 65 and in retail portion you were allowed to apply for maxm 975 shares value 97500/ at cut off.
Retail invester should apply at cut off only as it is an understanding that whatever price is decided shall be applicable and excess paid by you for applying at cut off , 100 in case of ADANI, will be refunded.CUT OFF BIDDING IS ALLOWED TO RETAIL INVESTORS ONLY
If you applied for :
65 or 130 shares : retail oversubscription is 2.96 times . on dividing your application quantity entitlement works out 22 or 44 share respectively. SINCE MINIMUM ALLOTMENT MAY BE 65 SHARES ONLY , instead of rejecting your appl , you will be allotted 65 shares by Lottery, but to some lucky one only.
195 to 975 shares : if you divide 195 with 2.96 it comes to 66 shares , so 195 share appl will be alloted firm 66 shares , similarly you may calculate for all other applications too. few shares may be allotted extra as retail oversubscription may come down due to rejection,lowprice bids , cheque bouncing etc.AS OVERSUBSCRIPTION WILL NOT INCREASE OVER 2.96 TIMES ONCE BOOK BUILDING IS OVER AND DETAILS DECLARED.
you may daily watch subscription detail uploaded every hour on www.nse-india.com or www.bseindia.com
GB