Hi @Naresh_R
In the NII (2 to 10 lacs) category, the allotment will be done on a draw of lots basis (lottery basis like the retail category). In the NII (above 10 lacs) category, the allotment process will remain pro-rata.
For example, an IPO is subscribed 10 times in both the NII categories and you are applying for an IPO in the NII category:
- For 5 lacs - There is a 10% probability of you getting an allotment of Rs. 2 lacs. [Before the change in regulation, you would have received a firm allotment of shares worth Rs. 50 thousand]
- For 50 lacs - You will get an allotment of shares worth 5 lacs.