Hello retail folks!!
Today I'll explain the methodology behind sentense,
"Richer gets richer and poor gets poor"
I have taken basis of allotment data published by chhitorgarh for euporia SME.
For retail investor, who applied 1200 share (1 lot) , there are total 29002 applications and only 79 lucky are alloted.
Now , consider wealthy people who has lakhs or carores of rupees to invest in share market. Considering some people has applied 13 lots (15600 shares) , they also get only 1 lot but they have more money in compare to retail one, so here the probability is 1 people alloted from 12 application.
Now, consider there are only 3 people who applied 41 lots , then probability is 1:3.