Retail allotment principle: guarantee minimum bid-lot then allocate remaining retail shares proportionately; use lottery if minimum lots are oversubscribed. Retail allotment follows a two-step rule: guarantee the minimum bid lot to retail applicants subject to availability, then allocate remaining retail shares proportionately among applicants beyond the minimum lot. If retail demand is so high that not all applicants can receive the minimum lot, a lottery selects which applicants receive the minimum lot; the Schedule provides numeric illustrations of both scenarios and worked calculations for sample applicants and lot categories.
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Provisions expressly mentioned in the judgment/order text.
Retail allotment principle: guarantee minimum bid-lot then allocate remaining retail shares proportionately; use lottery if minimum lots are oversubscribed.
Retail allotment follows a two-step rule: guarantee the minimum bid lot to retail applicants subject to availability, then allocate remaining retail shares proportionately among applicants beyond the minimum lot. If retail demand is so high that not all applicants can receive the minimum lot, a lottery selects which applicants receive the minimum lot; the Schedule provides numeric illustrations of both scenarios and worked calculations for sample applicants and lot categories.
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