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.

13 thoughts on “Mundra Port IPO allotment chances looks good”

  1. I am not able to understand the logic behind the IPO allotment. With the religare experience it seems the Investor has to Invest around 1Lakh Rupees to get the small %age of Shares. The Small Investors who are ready to invest around 50000 doesnt have the scope to get any IPO. The allotment should be based on investments across different brackets of Investments.

  2. For checking the status of Mundra Port allotment one can call the number : 0225960320 which is a IVR type of thing. It will ask you to put the application number and will tell you about the allotment status. I have applied for 65 shares and got 15 shares only. The remaining amount will be credited on the account by 26/11/2007 as per the info recieved from IVR. Thanks !!!!

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