How IPO allotment happens for NII category if it's oversubscribed?

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Non Institutional Investors (NIIs)/ High Net worth individuals (HNIs) have a minimum reserve portion of 15% of the shares on offer. For NIIs and HNIs, the allotment is done proportionately. So, if the issue is subscribed 2 times, in that case 50% of the shares are alloted to an investor.

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1 Comments

Rabinarayan Hotta
1. Rabinarayan Hotta  Feb 27, 2020 11:01 I Like It. 1 | Report Abuse Reply 0
And what if the IPO is subscribed more than 100 times?


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