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of <h1>SEBI Guidelines: Share Allotment in Oversubscribed Public Offerings Explained, Minimum 9 Shares Required, Proportional Allotment</h1> The SEBI guidelines outline the procedure for allotment of shares during an oversubscribed public offering. For a retail category offering of 2.5 crore shares at 600 each, oversubscription is 8.25 times. Applications must be for at least 9 shares. Allotments are proportionate to applications, rounded to the nearest whole number, with a minimum allotment size of 9 shares. For example, Investor A applied for 81 shares and is allotted 10 shares, while Investor B applied for 72 shares and receives 9 shares. Investor C's application for 45 shares is rejected as it falls below the minimum allotment size. Allotment is finalized by a draw of lots.
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