Manganese Ore IPO

#71
Hi GB,

Why does higher qty stands a better chance in case of lottery ?? :confused:
dear diosys,
they take out demand lotwise , then allot shares as per demand and shares eligible for that lot .

to understand how allotment is made , I am giving a link for GRAVITA allotment which was 36.71 times in retail. all lots got 1 lot allotemnt by lottery .

in 1 lot application 1 got out of 36 application and in full appl 37 got out of 84 applications , so higher the application quantity , stands better chance.

similar is case of MOIL , which is 32.86 times in retail

http://content.icicidirect.com/research/allotment.asp?ccode=17027970

GB
 
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