Allotment limits ensure proportionate allocations with rounding for oversubscription and retail-category caps to protect small investors. Allotment cannot exceed the securities specified in the offer document except for oversubscription rounding; up to one per cent of the net offer may be allotted to facilitate minimum-lot allotments. Non-retail allocations are made on a proportionate basis within categories, rounded to the nearest integer and subject to the disclosed minimum application size. Retail investor allotments are capped in value and not less than the minimum bid lot where shares are available; remaining shares are allotted proportionately. The designated stock exchange, lead manager(s) and registrars must ensure the basis of allotment is finalised fairly as per Part A of Schedule XIV.
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Allotment limits ensure proportionate allocations with rounding for oversubscription and retail-category caps to protect small investors.
Allotment cannot exceed the securities specified in the offer document except for oversubscription rounding; up to one per cent of the net offer may be allotted to facilitate minimum-lot allotments. Non-retail allocations are made on a proportionate basis within categories, rounded to the nearest integer and subject to the disclosed minimum application size. Retail investor allotments are capped in value and not less than the minimum bid lot where shares are available; remaining shares are allotted proportionately. The designated stock exchange, lead manager(s) and registrars must ensure the basis of allotment is finalised fairly as per Part A of Schedule XIV.
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