Punjab, Sept. 22 -- The NSE's Rs 22,562 crore issue finalises its basis of allotment today. It closed subscribed 5.70 times, with institutions at 12.68. The grey market premium is around Rs 49 - an implied listing near Rs 1,834 against the Rs 1,785 upper band.
What today involves
Allotment in an oversubscribed retail category is a lottery, run by the registrar. Applicants get either the minimum lot or nothing; there is no partial allotment below one lot.
Unsuccessful applicants have their blocked funds released. If you applied through ASBA, the block on your bank account is lifted rather than money being refunded, which is why nothing arrives in your statement as a credit.
Status can be checked on the registrar's site and on the exchang...