Dear Zerodha Team
I applied for Burger King IPO under NII Category@ Rs. 59 for 3500 Shares. IPO was subscribed 354.11 times under NII category. Yet I have not reicieved any share as per allotment ideally i should be getting 3500/354 = around 9 Shares.
Chances of allotment in NII category are high but not 100% guaranteed. Company had specified in it’s RHP that allotment will be done for minimum of 250 shares and in multiples thereof in any category.
So as per this only handful of bidders would’ve received the allotment in 3500 quantity bracket.