Kahan Packaging Limited IPO Message Board (Page 3)

Change the bank.

Followup with bank on the same raised complaint.

It's correct, do your Maths

For Retail 1x = 2 22, 025 applications

​@Basuvr

I still maintain my stand. Do your maths! Number of times shown for total applications at 1102.34 times is incorrect.

@Basuvr

I will add a hint. This number cannot be more than 647.10 times.

Do your maths now, with some Logic!

​@checkmate My calculations is incorrect as I took wrong numbers. But why cannot the number be more than 647

​@Basuvr 
First of all, let me correct 647.10 to 623.57. Now, that there are a total of 222025 applicants under retail category considering the total shares applied by retailers. For NII, let us assume that all have applied only two lots, and considering the total number of shares bid in that category, the total applications come to 42993. Accordingly, the total applications come to 265018. There are a total of 680000 shares for both these categories with 425 lots. With such a huge subscription, no one is expected to get more than one lot. So, with maximum of 265018 applications for 425 lots, the number of times (application wise) comes to 623.57 (265018/425) and this is the outer limit. I hope I have explained it with logic. And in case there are several applicants under NII with more than 2 lots applications, the total application count will come down, and thus the number of times figure will also come down.  

With such a huge subscription and getting one lot being a distant dream, there is no harm in playing with the "NUMBER OF TIMES GAME". :)

9 application

Applying retail this time, just for the formality. 2.6 Crores HNI quota, don't see much hope for allotment. Will use money in other SMEs.

@MVP Yes you have rightly pointed so I am also avoiding this only 2 applied till now and now shifting to each remaining 2 lots application rest

ALL AMOUNT OF RATNAVEER/ BISLIC AND rishab released today one lot allotted of ratnaveer of 2103 shares

1 application of 9 lots applied

Now, not even applying in the retail. With already subscribed 500+ see no hope of allotment.

Which other IPO to apply?

Main question is refund date. If refund would be available on 12 before noon, then applying is for sure...

okay. What about Jupiter ?

SME EUPHORIA..................DOUBLE LISTING IS GURANTEED.

MUST MUST MUST APPLY FOR LOTTERY.

Review is avoided not the ipo .. 😂

Earliest the fund will be released will be on the 13th (Basis of allotment). For Basilic basis of allotment date was today.. so unlikely you will be able to use funds from kahan for the IPO closing on 12th.