I have been wondering how the companies issue shares for IPO, I mean the basis of issuing shares if the IPOs are oversubscribed. Is there any standard laid down by Stock Exchange.
1. I had applied for 600 shares of IDFC at the cutoff rate i.e. 34 but I did not get any shares.
2. Do they look at those application where more than 1000 shares have been requested.
3. Do they issue the shares based on first come first served basis, I mean those who apply first will be considered first.
4. Does the companies have different allotment system.
5. Is there any specific rules by Stock Exchanges as to issue of shares.
Traderji, I would request your valuable knowledge on this. I would request members also to put an insight into IPO shares distribution by companies. These queries are in the minds of many boarders here but no information is available anywhere.
1. I had applied for 600 shares of IDFC at the cutoff rate i.e. 34 but I did not get any shares.
2. Do they look at those application where more than 1000 shares have been requested.
3. Do they issue the shares based on first come first served basis, I mean those who apply first will be considered first.
4. Does the companies have different allotment system.
5. Is there any specific rules by Stock Exchanges as to issue of shares.
Traderji, I would request your valuable knowledge on this. I would request members also to put an insight into IPO shares distribution by companies. These queries are in the minds of many boarders here but no information is available anywhere.