Now say i obtained this 10,000,000 and i applied for 400,000 shares of Union Bank, I want to know the following
If the B.O.D allocate only 25% to me i.e, 100,000 shares then whether i have to apply fresh guarantee by cancelling the previous one?
If not whether the company Company ( IPO Company ) will do the needful with the bank?
Also the refund for the 300,000 shares i.e Rs. 7,500,000/= will be forwarded to me or the refund case will not arise at all because the bank finally going to pay only 2,500,000/= to the IPO Company?
If i applied through whether i need to fill the refund disposal area in the IPO Application?
The 100,000 shares allocated to me will be given to me in my name or in the name of the bank which issued the guarantee? and if it is allocated in the name of the bank how can i dispose the shares?
If it is allocated to me whether the disposal proceeds will be forwarded to me or to the bank?