Ujjivan Small Finance Bank IPO - Basis of Allotment explained - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Monday, December 9, 2019

Ujjivan Small Finance Bank IPO - Basis of Allotment explained


Following is the basis of allotment for Ujjivan Small Finance Bank IPO:


Explanation of Ujjivan Small Finance Bank Allotment basis

Ujjivan Small Finance Bank IPO - Basis of Allotment essentially indicates that 400 shares will be allotted on a lottery basis as under :

  • For those who applied between 400 to 3200 or for 4000 or 5200 shares, allotment will be 400 shares in the ratio 35:1102 (Chances of Allotment: 3.17%)
  • For those who applied for 3600 shares, allotment will be 400 shares in the ratio 36:1135 (Chances of Allotment: 3.17%)
  • For those who applied for 4400 shares, allotment will be 400 shares in the ratio 27:844 (Chance sof Allotment: 3.19%)
  • For those who applied for 4800 shares, allotment will be 400 shares in the ratio 55:1727 (Chances of Allotment: 3.18%)

No comments:

Post a Comment

Join us on Whatsapp!