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Calculators
Each one states the assumption it rests on, because the arithmetic is trivial and the assumption is the whole story — especially for allotment odds, which approximate a lottery and are routinely quoted elsewhere as though they were a promise.
Calculate for
Shares are applied for in whole lots at the cut-off price. The full amount is blocked in your bank account under ASBA, not debited, until allotment.
One lot is 55 shares at ₹14,905. Retail applications are capped at ₹2,00,000, which allows up to 13 lots here — apply for more and you are bidding as a non-institutional investor instead.
Applying needs a demat account with a linked UPI ID, and the ₹14,905 is blocked rather than debited.
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When the retail category is oversubscribed, SEBI requires a lottery for the minimum lot. Every application has the same chance, whatever its size.
Retail subscription figures are not available yet, so there is nothing to estimate from.
Arithmetic on an unofficial quote. The grey market has no clearing house and no obligation to settle — this is sentiment made numeric, not a forecast.
₹357.00
implied listing price, 31.7% over the cut-off
Grey-market premiums have historically moved sharply in the days before listing and have been wrong in both directions. Treat this figure as a measure of current enthusiasm, nothing more.
Share of the net offer set aside for each investor category
Select a category to see who bids in it and how allotment works there.
Percentages are of the net offer, which excludes any employee or shareholder reservation.
When you apply, the amount is blocked in your bank account under ASBA rather than debited. Only the value of shares actually allotted is taken, and the rest is released. The money stays in your account throughout — whether it also earns interest depends on the account: a savings account normally keeps paying on the blocked balance, a current account pays nothing, and banks differ on how a lien is treated. Check with yours rather than assuming.
Applications up to ₹2,00,000 are retail and go into the retail lottery. Cross that line and you are bidding as a non-institutional investor, under a different allocation rule and usually far worse odds for a small application.
Two applications under the same PAN in the same category are both rejected. You may hold one application in each reserved category you genuinely qualify for — the employee or shareholder quota, where an issue has one — but never two in retail. Applying from distinct family members’ own PANs, demat accounts and bank accounts is the only legitimate way to hold more tickets in the lottery.
Retail applicants can tick “cut-off price”, which means you accept whatever final price is discovered. Bidding below the eventual cut-off gets your application rejected at allotment.