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      Basis of allotment appeared in Business Standard dt 19th Feb 2018 advertisement given by Tasty Dairy Specialties over subscribed by 92.2 times….
      According to me, Tasty Dairy - Cost of Acquisition per share comes to Rs 250/- per share to the category who applied for more than 50,00,000 shares /other than the Retails – as per Basis of Allotment, If you subscribe for SME IPO Tasty Dairy of 44,43,000 shares @ Rs 45/- your application money = Rs 19 Crores...Basis of Allotment says, applicant got allotment one lot of 3000 shares Tasty Dairy….
      Company received more than 40 applications for 50 lac shares subscription each application i.e. 90% of the issue size. You see the valuation this company.
      For Rs 19 Crs Tasty Dairy IPO application, if you calculate @ 10% PA interest works out to Rs 1.9 Crs per annum….
      For 12 days Bank Interest works to RS 6,24,658/- Plus Cost of Equity shares Rs 1,35,000/- (3000 shares x Rs 45/-) = Rs 7,59,658 / 3000 per lot size shares…cost of acquisition Rs 250 plus……Category who had applied more than application money Rs 18 Crs...? If I am wrong please correct me...Please verify the advertisment for the same.