Mundra Port IPO allotment chances looks good

Mundra Port IPO allotment chances seem to be high for retail investors. Though overall the Mundra Port IPO was oversubscribed by a whooping 116 times, retail investor category has been subscribed by only about 16 times. Hence investors who applied in the Mundra Port IPO for the maxiumum quantity (15 lots) under the retail investor category have pretty good chances of getting an allotment of 15 shares. However, unless there are lots of invalid applications or stop payments given, allotment is likely to be done through the lottery system even for investors who have applied for the maximum quantity. Mundra Port IPO allotment status will be out in the final week of November. The basis of allotment will be out in the third week of November.