As per the allotment model developed by the issue manager, NMB Capital Limited, those who applied up to 4,210 units have been placed under the lottery.
It is interesting to note that the minimum allotted units per group is 10 units and the maximum allotted units for any group is 11 units.
The allotment model was designed in that manner since the IPO was oversubscribed 341.65 percent, and the allotment percentage up to 500 units was 0.569 percent, and from 510 to 4210 units is 0.221 percent and from 4300 to 5000 units is 0.23 percent.
"As we had to ensure that each of the groups get at least 10 units of share, we prepared the model accordingly" according to NMB officials. "Otherwise, none of the smaller investors would have got any shares." -SSN
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