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Helle sir/ma'am
Had a doubt,How is the allotment going take place on proportionate basis if there is a maximum limit of RS.2Lakh per bidder?

Proportional basis criteria is not new rule. all the time this rules applied to all the IPO where there is over subscription. Most of the time the person with min bid (15 Shares) is getting allotment first and the person who is applied more shares also get min allotment ( 15 shares). Govt want that most all should get allotment so proportional base rule is applied . Its totally program based allotment. Anybody cant predict that who is going to get.