CDSL IPO Subscription By Application (CDSL IPO Expected Allotment Ratio):
Since Central Depository Services Ltd (CDSL) IPO subscription has ended on June 21, 2017 and specially Retail portion has over subscribed by 23.83 times in total. Now since Allotment will be in process and people will be eager to know how much chances they have to get allotment of Central Depository Services (CDSL) IPO we are writing this post.
As you know in case of over subscription in retail everyone gets one lot on lottery basis. So since it has been oversubscribed by 23.83 times some investors in the first impression might think that the allotment ratio of CDSL IPO might be 1:23.83.
But wait it is in terms of number of shares that have applied not by application. And in allotment ratio is taken from number of applications.
Just for example in a application a retail investor can apply shares up to Rs 200000 depending on lot size and value. So basically a lot ranges from Rs 14000 – Rs 15000 so in a application a retail investor can apply for 13-14 lots but its basically one application only.
Now lets come back to Expected Allotment Ratio of CDSL IPO, So if we see application wise so approx 18,54,513 applications have been made which if we take as single lot coverts to 15.37 times over subscription.
So if the Expected Allotment Ratio of CDSL IPO ratio is 1:15:37?
Wait there can be some technical rejections also that is some issue with application including wrong filling of form, use of same PAN card for 2 or more application etc. (Increase Chances of Getting Allotment) and after that there may be some rejections due to lack of funds in account. So after all the deduction we can expect that allotment ratio of CDSL IPO can be around 1:15 which means basically on every 15 applications there will be 1 allotment. To check your CDSL IPO Application Status you can use the link below:
Current Grey Market Premium of Central Depository Services Ltd (CDSL) IPO is trading between Rs 87 – Rs 89 per equity share.
For More information about CDSL IPO Pricing, size and other updates you can visit the below link:
Kindly note this are only expected ratio and it can change according to final data.
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Housing and Urban Development Corporation Ltd IPO (HUDCO) listing is also successfully completed.
PSP Projects Ltd(PPL) IPO also listed successfully.
Tejas Networks Ltd (TNL) IPO bidding has completed successfully. Now Tejas Networks IPO Allotment and Listing is in process.While Eris Lifesciences Ltd IPO (ELL IPO) bidding also able to close successfully. Now Eris Lifesciences IPO Allotment and Listing is in process.
Central Depository Services IPO Grey Market Premium (CDSL GMP) is trading between Rs 87 – Rs 89 per equity share. While Tejas Networks Grey Market Premium (GMP) also started trading at Rs 2 – Rs 3 per equity share.
Eris Lifesciences IPO Grey Market Premium (ELL GMP) is also started trading at Rs 8 – Rs 10 per equity share.
GTPL Hathway IPO Grey Market Premium (GMP) is still not active.
Some SME IPO will also be active in market in coming week.
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