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The IPO allocation is based on the subscription level and the investor category.
Refer to IPO allotment rules and methods for more details.
Check the basis of allotment document above to know about how the shares are allocated in NovaVente IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
The NovaVente IPO basis of allotment (published above) tells you how shares are allocated to you in NovaVente IPO and category wise demand of IPO share.
Visit the NovaVente IPO allotment status page to check the number of shares allocated to your application.
In NovaVente IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.
For more information, please refer to IPO Allotment Process and Basis of Allotment.
Check the NovaVente IPO basis of allotment document to know how the shares are allocated in NovaVente IPO.
