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Under the retail category, if the total number of SME IPO applications exceeds the shares offered, then allotment will be done through a computerized lottery draw process.
If the issue is oversubscribed by a small margin, then one lot will be allotted to each applicant and proportionate allotment will be done to remaining investors who’ve applied for more than one lot.
However, in case of oversubscription by a large margin, the registrar will first calculate the maximum number of retail investors for allotment. Investors will be selected through a lucky draw process without any partiality for allotment.
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