ILLUSTRATION EXPLAINING PROCEDURE OF ALLOTMENT

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....y is oversubscribed 4 times. (4) Issuer decides to fix the minimum application / bid size as 20 specified securities (falling within the range of Rs. 10,000 - 15,000). Application can be made for a minimum of 20 specified securities and in multiples thereof. (5) Assume that a total of one lakh retail individual investors have applied in the issue, in varying number of bid lots i.e. between 1 - 16 bid lots, based on the maximum application size of upto Rs. 2,00,000. (6) Out of the one lakh investors, there are five retail individual investors A, B, C, D and E who have applied as follows: A has applied for 320 specified securities. B has applied for 220 specified securities. C has applied for 120 specified securities. D has applied f....

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....lakh specified securities. (3) The issue is over subscribed 7 times whereas the retail individual investors' category is over subscribed 9.37 times. (4) Issuer decides to fix the minimum application / bid size as 20 specified securities (falling within the range of Rs. 10,000 - 15,000). Application can be made for a minimum of 20 specified securities and in multiples thereof. (5) Assume that a total of two lakh retail individual investors have applied in the issue, in varying number of bid lots i.e. between 1 - 16 bid lots, based on the maximum application size of upto Rs. 2,00,000, as per the table shown below. (6) As per allotment procedure, the allotment to retail individual investors shall not be less than the minimum bid lo....

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....: For the purpose of IDR, minimum application size shall be twenty thousand rupees.]   ******** 1 Substituted for Schedule XV by SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2012, w.e.f. 12.10.2012. Prior to substitution, Schedule XV read as under: "SCHEDULE XV [See regulations 50(2), 106 and Schedule XI] ILLUSTRATION EXPLAINING PROCEDURE OF ALLOTMENT (1) Total no. of specified securities on offer@ Rs. 600 per share: 10 crore specified securities (2) Specified securities on offer for retail individual investors' category: 2.5 crore specified securities (3) The issue is over subscribed 4 times whereas the retail individual investors' category is over subscribed 8.25 times....