TMI BlogILLUSTRATION EXPLAINING PROCEDURE OF ALLOTMENTX X X X Extracts X X X X X X X X Extracts X X X X ..... oversubscribed 4 times. (4) Issuer decides to fix the minimum application / bid size as 20 specified securities (falling within the range of ₹ 10,000 - 15,000). Application can be made for a minimum of 20 specified securities and in multiples thereof. (5) Assume that a total of one lakh retail individual investors have applied in the issue, in varying number of bid lots i.e. between 1 16 bid lots, based on the maximum application size of upto ₹ 2,00,000. (6) Out of the one lakh investors, there are five retail individual investors A, B, C, D and E who have applied as follows: A has applied for 320 specified securities. B has applied for 220 specified securities. C has applied for 120 specified securities. D has applie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ] * 40 (i.e. 60-20) 5 E 20 20 specified securities (i.e. the minimum bid lot) B. (1) Total no. of specified securities on offer @ ₹ 600 per share: 1 crore specified securities. (2) Specified securities on offer for retail individual investors category: 35 lakh specified securities. (3) The issue is over subscribed 7 times whereas the retail individual investors category is over subscribed 9.37 times. (4) Issuer decides to fix the minimum application / bid size as 20 specified securities (falling within the range of ₹ 10,000 - 15,000). Application can be made for a minimum of 20 specified securities and in multiples thereof. (5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 10,000 6,00,000 8,750 4 80 10,000 8,00,000 8,750 5 100 20,000 20,00,000 17,500 6 120 20,000 24,00,000 17,500 7 140 15,000 21,00,000 13,125 8 160 20,000 32,00,000 17,500 9 180 10,000 18,00,000 8,750 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ail individual investors category: 2.5 crore specified securities (3) The issue is over subscribed 4 times whereas the retail individual investors category is over subscribed 8.25 times (4) Issuer decides to fix the minimum application / bid size as 9 specified securities (falling within the range of ₹ 5000 - 7000). Application can be made for a minimum of 9 specified securities and in multiples thereof. (5) Assume there are three retail individual investors A, B C. A has applied for 81 specified securities. B has applied for 72 specified securities and C has applied for 45 specified securities. As per allotment procedure, the allotment to retail individual investors shall be on proportionate basis i.e., at 1/8.25th of th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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