Allotment Expected :
Retail is 9.15 times
appl 130 to 1170 shares ; may get 130 shares by Lottery , 1170 share appl being boarder case , may get Firm too due to Employee portion unsubscribed
appl 1300 to 2080 - will get FIRM allotment , just divide appl quantity with 9.15 to know FIRM shares + few extra
LISTING Expected :
since QIB is 13.2 times nad NIB 85.7 times , it may list nice. NIB interest burden is too high . on appl of 2 lac shares say 1 Rs crore they may get 2300 to 2500 shares only . Interest on Financial works out @ 0.5% Rs 50000 on 1 crore , say Rs 20 per share so for NIB break even is unexpectedly on much higher side.
Retail is 9.15 times
appl 130 to 1170 shares ; may get 130 shares by Lottery , 1170 share appl being boarder case , may get Firm too due to Employee portion unsubscribed
appl 1300 to 2080 - will get FIRM allotment , just divide appl quantity with 9.15 to know FIRM shares + few extra
LISTING Expected :
since QIB is 13.2 times nad NIB 85.7 times , it may list nice. NIB interest burden is too high . on appl of 2 lac shares say 1 Rs crore they may get 2300 to 2500 shares only . Interest on Financial works out @ 0.5% Rs 50000 on 1 crore , say Rs 20 per share so for NIB break even is unexpectedly on much higher side.
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