thankrishan wrote:Anyone got the refund?
Yes. but I have a question on shares allotment.
1. Retail Individual Investors:
Applicants up to 1,500 Shares: To be allotted in full Applicants above 1,500 Shares:
To be allotted a minimum of 1,500 Shares and 13.80% of any Shares applied over and
above the said 1.500 Shares rounded down to the closest 100 shares.
They were saying 1500 shares + 13.8% of the rest. but I only deducted for 5000 shares. According to the above, I should receive 17,000 + shares.
Seems to be I was allocated based n the below, but it was mentioned under nonretailers
All other investors who applied for more than 10,000 Shares: to be allotted
2,600 Shares and a further 2.07899% of any Shares applied over and above the said
2,600 Shares, rounded down to the closest 100 share
this is unfair. If this is the case, I should have applied 9999 shares without stuck my money for extra 1000 odd shares
And it is unfair if they have given 100% internally. It is not healthy for the first-day trade. for example, if prices start from 20+, most probably these guys will dump their stake and collect at the bottom.