This is given in page 289 of care rhp:
B. A total of 0.2 million retail individual bidders have applied in the issue, in varying number of bid lots i.e.
between 1 to 16 bid lots, based on the maximum application size of upto Rs. 200,000. The retail
individual bidders’ category is oversubscribed 9.37 times. Since the total number of equity shares offered
retail individual bidders is 3,500,000 and the minimum bid lot is 20 equity shares, the maximum number
of retail individual bidders who can be allotted this minimum bid lot will be 175,000 (i.e. 3,500,000/20).
The remaining 25,000 retail applicants will not get allotment and such bidders will be determined on basis
of draw of lots, in the manner provided below:
No.
of
lots
No. of
equity
shares at
each lot
No. of retail
individual bidders
applying at each
lot
Total No. of
equity shares
applied
for at each lot
No. of retail individual bidders who shall
receive minimum bid-lot (to be selected
on lottery)
A B C D=(B*C) E (175,000/200,000)*C
1 20 10,000 200,000 8,750
2 40 10,000 400,000 8,750
3 60 10,000 600,000 8,750
4 80 10,000 800,000 8,750
5 100 20,000 2,000,000 17,500
6 120 20,000 2,400,000 17,500
7 140 15,000 2,100,000 13,125
8 160 20,000 3,200,000 17,500
9 180 10,000 1,800,000 8,750
10 200 15,000 3,000,000 13,125
11 220 10,000 2,200,000 8,750
12 240 10,000 2,400,000 8,750
13 260 10,000 2,600,000 8,750
14 280 5,000 1,400,000 4,375
15 300 15,000 4,500,000 13,125
16 320 10,000 3,200,000 8,750
Total 200,000 32,800,000 1,75,000...
Please read this and understand
Zerodha (Trading & Demat Account)
RHP
IPO Guru (2500+ Posts, 2700+ Likes)
