HIDCL Allotment: Shares allotted from 2.9 % to 20%, No Lottery

Hydroelectricity Investment & Development Company Limited (HIDCL) had floated Initial Public Offering (IPO) worth Rs.2 arba (2 crore unit shares) from Kartik 12 to Kartik 19, 2072. The IPO was oversubscribed by 21.58 times.

Investors who had applied from Rs 9,000 or 90 units to Rs 50,000 or 500 units were allotted on an average of 11.4 % of the applied shares. The big investors who had applied above Rs 50,000 were allocated 2.9% of the applied shares.

Applicants who applied up to 80 kitta got 10 units of shares. The highest portion of shares, in terms of percentage, was allocated to the investors who applied 50 units. The investors who applied 50 units got the whopping 20% of the applied shares.

 In this allotment model of HIDCL the percentage of shares allocated varies in every increment of 10 units in the small investor group. The following table depicts the percentage of shares allocated to the small investors:

If we take a closer look at the above table there is no uniformity on percentage of shares allocated. The allocated percentage varies randomly from one group to another in small investor category.

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