ILLUSTRATION EXPLAINING THE PROCEDURE OF ALLOTMENT

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....ares 3. The total issue is over subscribed 4 times whereas the retail category is over subscribed 8.25 times 4. Issuer decides to fix the minimum application / bid size as 9 shares (falling within the range of Rs. 5000- 7000). Application can be made for a minimum of 9 shares and in multiples thereof. Assume three retail investors A, B & C. A has applied for 81 shares. B has applied for 7....

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....ined by drawal of lots.     *********** 1 Substituted vide SEBI Circular No. SEBI/CFD/DIL/DIP/13/2004/28/5 dated May 28, 2004 for the following: "(Clause 7.6.1.1.(c)) BASIS OF ALLOTMENT PROCEDURE Size of public offer -  2,00,000 equity shares of Rs. 10/- each . No. of times oversubscribed - 3 times. Total Number of shares applied for - 6,....

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.... 200 167# 33,400         + 100 #       6. 600 100 60,000 20,000 200 100 20,000       6,00,000 2,00,000     2,00,000 Notes: A) In the above example the number of shares allocable to each category of the applicants have been arrived at in column no. 5 in pro....