Mr Vijay Ajwani, this proposal is not for me only, You will also be benifited if it's done.. Otherwise in such good Ipo , retailer will always deprived..
SEBI should change the process of IPO allotment.. There should be no quota for retailers.. Firstly , all retailers should allotted minimum lot, After that all others allotment..
So that retailers can dump the share in open market on listing day. Sebi does not want that shares of a company go to weak hand. That is the reason, Sebi has different quota for different companies. Where company does not qualify on Sebi IPO rule, there QIB quota reaches to 70% and retail only 10% like Eris life science where retailer was only 10%.
i dont know why you people apply for more than one lot, there is no diffrance between applying one lot or more than one lot when the issue in retail is subscribed for more than one time.