Please Share:: 
Snowman Logistics IPO was oversubscribe 41.26 times
So some say chance/probability you get share is 1 in 41 or around 2.5%
NO, this is not how it work after new SEBI regulation.
2.6 lac application received for Snowman IPO. Some apply minimum lot (1 lot or 300 share for Rs 14,100) some do full 14 lot (4,200 share) for Rs 197,400
But whatever you invest you will get ONLY 1 lot. which is why we advice to invest in one lot ONLY.
CALCULATION:
Share reserve for retail: 4,200,000 shares
Share allotment to lucky investor = 1 lot (300 share)
No. of investor get share = 4,200,000/300 = 14,000
No of applications: 2.6 lac
Ratio =2.6 lac/14,000 =18.57
Or 1 on 18.57 or approximately 5.38%
ONLY 14,000 lucky investor will get share. You chance is around 5%
�� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��
��
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Snowman Logistics IPO was oversubscribe 41.26 times
So some say chance/probability you get share is 1 in 41 or around 2.5%
NO, this is not how it work after new SEBI regulation.
2.6 lac application received for Snowman IPO. Some apply minimum lot (1 lot or 300 share for Rs 14,100) some do full 14 lot (4,200 share) for Rs 197,400
But whatever you invest you will get ONLY 1 lot. which is why we advice to invest in one lot ONLY.
CALCULATION:
Share reserve for retail: 4,200,000 shares
Share allotment to lucky investor = 1 lot (300 share)
No. of investor get share = 4,200,000/300 = 14,000
No of applications: 2.6 lac
Ratio =2.6 lac/14,000 =18.57
Or 1 on 18.57 or approximately 5.38%
ONLY 14,000 lucky investor will get share. You chance is around 5%
�� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��
��
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