@PeterEngland Sir, in case of oversubscription, the same is segregated cateogry wise and proportionate subscription for each category is arrived. Depending on availlable shares for allotment, categorywise shares to be allotted is arrived proportionately. Post this, within each category, depending on number of applications, the proposed ratio is calculated in case if the number of shares applied in that category is more than the number of shares available for allotment for that category. Once the lucky numbers are given by the stock exchange, within that category, the application numbers are changed reverse, aligned in alphatetical order and assigned with seriel numbers. Those applications getting lucky numbers given by exchange will become allottee application. This is the procedure followed for all registrars for ages now, though it is not specifically prescribed by regulatory anywhere.
To respond to your last line, despite our sincere efforts to give best services to investors, we somehow, keep getting brickbats & false allegations only.
Regards, Cameo