decent openming expected.i havent got any allotment even if i applied for full 400 share.ratio of allotment for 400 share is(37:102).i am going to purchase 1000 share @ 425 from the mkt if lucky.
The reason why people did not get enough shares was that, the retail portion of the bid was oversubscribed 43 times. That's why they have done this allotment using the lot system. If you had read the prospectus, it was clearly mentioned. Nobody can help if you dont read the prospectus but simply apply because somebody advices to invest.I had applied for 175 and got 25. My mother also had applied for 175 but got none. Thats how life is. No point in cribbing. Even the current IPOs are going to be like this.
I applied for 400 (max) and have not got even 25 shares. This is not wierd, there is some hanky panky. No regrets anyway, I am saved from receiving shares in a loss-making Company and will buy it at discount when market corrects.