Allotment procedure ensures minimum-lot allocation with proportionate distribution and lottery where demand exceeds supply. Sets out SEBI allocation mechanics: applicants in retail and non-institutional categories must receive at least the minimum lot where shares permit; remaining shares are apportioned proportionately among applicants who bid in excess of the minimum, with lotteries used to allocate limited minimum lots when demand exceeds supply, and rounding to whole lots applied for SME lot sizes.
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Provisions expressly mentioned in the judgment/order text.
Allotment procedure ensures minimum-lot allocation with proportionate distribution and lottery where demand exceeds supply.
Sets out SEBI allocation mechanics: applicants in retail and non-institutional categories must receive at least the minimum lot where shares permit; remaining shares are apportioned proportionately among applicants who bid in excess of the minimum, with lotteries used to allocate limited minimum lots when demand exceeds supply, and rounding to whole lots applied for SME lot sizes.
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