the average value of an application is 58865/= assuming that all 34,421 applications falls with in the retailer segment.
Since the shares to be allocated to retailers is Rs.600mn, the times over subscription is 3.377 times.
the shares allocated will be 29.6%. the one who applied for 2,000 shares will get 600 shares..
On the other-side assuming all unit trust funds and investors applied to the IPO using guarantees, the % allocation would be 1.34% of the total guarantee value