Shankara Building Products IPO Subscription By Application (Shankara Building Products IPO Expected Allotment Ratio):
Since Shankara Building Products (SBPL) IPO subscription has ended on March 24, 2017 and specially Retail portion has over subscribed by 15.35 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 Shankara Building Products 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 15.35 times some investors in the first impression might think that the allotment ratio of Shankara Building Products IPO might be 1:15.35.
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 upto 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.
So lets come back to Expected Allotment Ratio of Shankara Building Products IPO, So if we see application wise so approx 10,68,900 applications have been made which if we take as single lot coverts to 13.03 times over subscription.
So if the Expected Allotment Ratio of Shankara Building Products IPO ratio is 1:13.03?
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 Shankara Buildpro IPO can be around 1:12.50 which means basically on every 25 applications there will be 2 allotment. To check your Shankara Building Products IPO Application Status you can use the link below:
Current Grey Market Premium (GMP) of Shankara Building Products Ltd (SBPL) is trading between Rs 124 – Rs 126 per equity share.
For More information about Shankara Building Products Ltd (SBPL) 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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Now Avanue Supermarts (Dmart) IPO Allotment and Listing also completed. And people made an awesome 100% profit on listing.
Now CL Educate (CLEL) IPO bidding has been closes on March 22, 2017. Now CL Educate (CLEL) IPO Allotment and Listing will be in process. While Shankara Building Products Ltd IPO (SBPL IPO) bidding also closed on 24 March 2017. Now Shankara Building Products IPO Allotment and Listing will be in process.
Grey Market Premium (GMP) of CL Educate IPO (CLEL IPO) is still now active. While Grey Market Premium (GMP) of Shankara Building Products Ltd (SBPL) IPO is trading between Rs 124 – Rs 126 per equity share.
Next in the pipeline will be HUDCO IPO, Central Depository Services Ltd IPO (CDSL IPO) and Continental Warehousing Corporation Ltd IPO (Nhava Seva IPO).
Some SME IPO will also be active in market in coming week.
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