Monday, December 21, 2015

Alkem and Dr Lal Path Lab IPO allotment - Is there a scam in allotment to retail category?

Had applied for 17 lots of Dr Lal Pathlab and 9 lots for Alkem lab under the retail category. The issues were subscribed 4.24 and 3.17 times respectively in the retail category. Should have been allotted at least 4 lots of Dr Lal PathLabs and at least 2 lots of Alkem (rounded down - assuming all applications were valid)

However have got just one of each. Given that these IPO's are expected to list at a premium is there some bungling done in the allotment process? The bank through which I applied (Kotak) would not respond on this.

Needs to be examined by SEBI


No comments:

Blog Widget by LinkWithin