ILLUSTRATION EXPLAINING THE PROCEDURE OF ALLOTMENT

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..... 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 ₹ 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 72 shares and C has a .....

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..... 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 ₹ 10/- each . No. of times oversubscribed - 3 times. Total Number of shares applied for - 6,00,000 equity shares. Sr. No. No. of Shares applied for category (Categorywise) No. of applicants T .....

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..... s the issue has been oversubscribed. B) In the case of category number 4, the number of shares actually allotted is less than the number of shares available for allotment in that category on proportionate basis. This surplus has been included in the category 1 i.e. The applicants who had applied for minimum number of shares (after making adjustments for exceptional situations as in (c) below. C) .....

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