so even if its greatly oversubscribed on the very first day itself, i still stand a chance if i wait and apply on the last day

and you said 2-3 week to know the status... and assume that process is completed before listing... so coal india is not going to hit the markets before 1st week of November?

Hi suds, for u and all those who may have this question:

IPO allotment is always done on proportionate basis in the retail category.

In HNI category, it may or may not be on proportionate basis.

Consider this example.

Suppose there is an IPO of 1000 shares. (Retail category has 1000 shares).

Lot sizes in retail category are 10, 20 and 30.

Total applications for 10 shares = 300 = 3000 shares.
Total applications for 20 shares = 100 = 2000 shares.
Total applications for 30 shares = 500 = 15000 shares.

Total subscription = 20000 shares = 20 times available shares.

Now the company will allot shares in each "lot size" in equal proportion.

10 share applications add up to 3000 shares, so they will get 150 shares.

20 share applications add up to 2000 shares, so they will get 100 shares.

30 share applications add up to 15000 shares, so they will get 750 shares.

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Usually allotment is done in lots of minimum application size. In this case it will be 10 shares.

Now, for those who applied for 10 shares, only 15 people will get 10 shares each. (15 X 10 = 150)

Now, for those who applied for 20 shares, only 10 people will get 10 shares each. (10 X 00 = 100)

Now, for those who applied for 30 shares, only 75 people will get 10 shares each. (75 X 10 = 750)

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If you look at the probabilities, you will notice that those who applied for more shares, have a greater probability of allotment.

For 10 share applications, 15 people out of 300 got 10 shares => Probability of getting 10 shares = 1 in 20.
For 20 share applications, 10 people out of 100 got 10 shares => Probability of getting 10 shares = 1 in 10.
For 30 share applications, 75 people out of 500 got 10 shares => Probability of getting 10 shares = 1 in 6.67.

Conclusion - more shares you apply for, more is the chance of getting shares. Chance doesn't mean 100% certainty. It is just probability.
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Hi swetang, jp can see 132.50. canbank around 652

Hi suds, yes. you do. I am not sure of the listing date yet. shall let you know shortly

Hi oswyn, yes

Hi anivesh, most welcome.. yes, seems may show a small bounce. lets see

Hi Shiva, thanks for the info

Hi test, yes, will start at 9.15. from 9-9.15 you can place your orders

Hi CB, Thanks a lot for your kind reply..I will not enter the put ..And Shall hold the long in Ranbaxy ,for a few days more ....Let's see how it shapes out tomorrow ..
Best of everything l , for a busy working week ahead..

thanks cb.. looking forward to my first ipo :)

and thanks lot shiva for that detailed explanation.

Hi CB, Good Evening

How will be the markets tomo? What about the midcaps? Target for Emctra and Nimbus Food?

CB,

There is a new UREA policy coming up..thats why there is rise in fertilizer stock....

Pl tell me which of the stock FUT can be entrerd for max 1-2 days?