@IPO LEADER Unbanked applications are not shown in subscription figures.
share wise:
Last day sub: (2,15,08,000-260000)/4880000 = 4.35x
Actual sub (after all rejections): (20686000-260000)/4880000 = 4.19x
so, net rejection = 4.35 - 4.19 = 0.16 or 3.82% only.
application wise:
NII/QIB apps can't be calculated. however,
last day RII sub: 8718
actual RII sub (after all rejections): 8537
net rejections: 8718 - 8537 = 181 or 2.08% only.
so, not a drastic change from last day figures.