Raju,
I thinu hadn't read the first post correctly
Where i clearly mentioned that......
Payment Option - Retailers may pay Rs. 115/- per share
This means that even if a share price is Rs.450/-, a retail investor can apply for a part payment.
First thing a lot size is of 15.
u can only apply in multiply of 15. i.e. 15/30/45/60 and so on....
So 1 lot= 15*450=6750.
But they are giving discount for retail investors so it becomes
1lot= 15*430=6450.
Now second thing.--- part payment
Instead of calculating per lot with 450, u can calculate it with 115.
means for appling u have to pay only 115 not 450.
And if u got allocation. then u can made remaining payment..
Same as Dlf
I thinu hadn't read the first post correctly
Where i clearly mentioned that......
Payment Option - Retailers may pay Rs. 115/- per share
This means that even if a share price is Rs.450/-, a retail investor can apply for a part payment.
First thing a lot size is of 15.
u can only apply in multiply of 15. i.e. 15/30/45/60 and so on....
So 1 lot= 15*450=6750.
But they are giving discount for retail investors so it becomes
1lot= 15*430=6450.
Now second thing.--- part payment
Instead of calculating per lot with 450, u can calculate it with 115.
means for appling u have to pay only 115 not 450.
And if u got allocation. then u can made remaining payment..
Same as Dlf