Feedback Message Board

from Icici Direct

"In PFC OFS, Allocation Methodology is Price Priority i.e. retail customer who have bid at higher price will get preference in allotment, they would get shares at the bidded price less 5% discount. So if a retail customer bids at 256 and another at 255 (and assuming cut off price discovered is also at 255), customer bidding at 256 will get preference in allotment and he will get discount of 5% on Rs 256."