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Min. 10 share to all applicants (As per new system of SEBON)

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Member
Registered: Apr 2017
Posts: 11
Rising Sun Ji,

If applied above 20000 then its lucky draw for all or what? In this case, there will be no pro-rata for up comings IPO/FPO issues.

Your eligibility to getting share is on your luck (bhagwan varosa) ?????
Member
Registered: Oct 2013
Posts: 7912
i think, if only 20000 applied then definitely. if 20001 applied more or equal to 100 shares each than there will be lucky draw. and one applicant will miss.
Member
Registered: Apr 2017
Posts: 11
Hi All,

I couldn't understand the new rules amend by SEBON regarding the IPO/FPO, everyone will get 10 share minimum. For example ABC company issue the IPO of 200000 share per 100 rs. If i apply for the 100 share, am i eligible for 10 share as per the new regulation of SEBON.


Share your knowledge.


Regards,

Santosh

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