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In terms of the number of applications, the retail category saw 14,64,584 applications. This implies a subscription of 8.37 times the shares reserved for the retail category ― if at least one lot were allotted to each application. Clearly, this indicates that bidders stand a very low chance of allotment.

Hence, irrespective of the number of lots applied for, every retail bidder picked by the lucky draw will now be eligible for one lot only, that is, 40 shares in IRCTC's IPO. That is, only 1.75 lakh applications will be picked by the lottery system and each will be allotted 40 shares (one lot). Your chance of getting one lot of 40 shares is therefore, 12 per cent.

Correct Lakshmi. I'm planning to write a mail to SEBI to investigate allotments. I think there some bias/wrong doing in allotments

If this is the case, as per SEBI circular, one should get only one lot, irrespective of no of lots applied in an application. That means clearly violation of the said rules of allotment

Is not mandatory to show the no of application with shares demand received? If not, SEBI should intervene and give guidelines for making it mandatory for better transparency

How to know the no of application received in retail category?

find it after 7.30 number of lot or shares

Where can we see the subscription and allotment of this NCD issue?

BSE "Public Issues" gives you live demand. Baki, wait for the Registrar's mail on allotment but most times they cut the issue short once it receives 2X subscription and FCFS on allotment.