Expected Basis of Allotment

EXPECTED BASIS OF ALLOTMENT (RETAIL) FOR -
HDFC ASSET MANAGEMENT COMPANY LTD

Let us consider an example of HDFC Asset Management Company Ltd where issue is oversubscibed more than 83 times & Retail Category is oversubscribed more than 4 times.

Still basis of allotment is not declared for HDFC AMC, But from IPO allotment process example we can estimate approx. what should be the ratio & basis of allotment for HDFC AMC.

Category  - Retail
Reserved shares  - 77,62,145
Lot  - 13 shares
Approx. Total no of Applications - 25,78,000      (of which valid Retail Appl. @ Cut off price - 25,16,173)
No. of Shares applied for Retail Category - 5,22,27,734    (of which valid @cut off price -  4,77,54,096)

**** Figures given are sample  purpose only (not actual )
Ratio is considered as 14 applications out of  every 59 applications should be selected for allotment.

   One application which applied more than 13 shares will get 1 additional share.

IPO Allotment process for retail category

IPO Allotment process for Non Institutional Investors (NII/HNI)