IPO Basis of Allotment is a document prepared and published by the registrar of an IPO that provides detail about the allotment in consultation with the stock exchanges. It ensures fairness by applying specific rules for allocation, which can be proportionate (based on demand) or utilize a lottery system.
The Basis of Allotment in IPO acts as a set of guidelines for allocating shares of an IPO when demand exceeds the supply of shares. It considers various factors, such as number of applications received, total number of shares applied for, investor category etc. and ensures fairness and transparency in the allocation process, allowing investors to understand how shares are allotted.
The Basis of Allotment document typically provides details such as the total number of applications received, total number of shares applied for, and allotment ratio for each investor category, like retail individual investors (RIIs/individual investors), non-institutional investors (NIIs), and qualified institutional buyers (QIBs).
| 2025 |
| 2025 |
Not getting an IPO allotment can happen for several reasons. Here are the most common ones:
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