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1. Yogesh agarwal   I Like It. |Report Abuse|  Link|July 28, 2015 9:10:17 AMReply
Offer advertisement clearly mentioned that retail investors will be allocated shares based on cut off price. It also said that cut off price will be the lowest price bid accepted by the issuer in non-retail category. Someone seems to have messed up the whole thing. The purpose of cut off price to avoid the frenzy of bidding and rebidding witnessed in Rec. SEBI must investigate the whole affair and annul the allotment.