Why Retailers must apply for minimum bid lot in Super Hot IPO ?
CDSL India is a Super Hot IPO.
Retail - Reservation 12,063,523 35% of Issue (after Employee Reservation)
Minimum Bid lot 100 Shares
No. of applicants required * 1,20,635 Applicants
So if the Number of Applicants are like 50 Lakhs, then 1:40 will be allotted 100 shares each. So always apply for Minimum Lot in the IPO of Super Hot Companies as many people like you will be competing for shares.
