What is Allotment Basis?

The allotment is done in proportionate basis, for instance, if the IPO is subscribed 100 times in the NII category, the buyers who have applied for 100 shares will get only one share. The NII quota gets very large over-subscription as it has a small size.

The main investors applying for this category are mainly individual investors.Non-institutional bidders are allowed to withdraw their bids until allotment.