sparkly wrote:In the event of over-subscripton, all valid applicatons will be allocated 500 shares frst and thereafer in multples of 100 Ofer Shares on a pro rata basis (rounded down to the nearest 100 Ofer Shares) untl all Ofer Shares are fully exhausted.
Someone explain with illustrations.
My understanding is that everyone will get the initial 500 shares,then after that it will be based on order size but the overal percentage of allocation will be the same...one person would apply for a 1,000,000 shares while another applies for just 10,000 shares...both would get the initial 500 but thereafter based on the oversubscription a percentage of what they applied for which should be the same across board eliminating advantage if you apply for many shares...
A- would therefore get 500 initial and maybe 10% of 999 500.
B-would get 500 initial and maybe 10% of 9500.
During the kengen IPO there was advantage if you subscribed via multiple CDS accounts the pro rata issue eliminates this...
possunt quia posse videntur