Cut off price bid are made with understanding that whatever price decided is acceptable. In case lower price declared then if allotted balance amount will be refunded.
New allotment rules are based on applications recieved and not on the amount applied for. All applicants will be allotted 1 lot and leftover will be distributed among applicants of 2 lot and above. In this IPO app 3 lacs applications are expected ,it may be not possible to allot every applicant to allot 60 shares , so 60 shares will be allotted by lottery . THIS IS FOR RETAIL INVESTORS