Total no of Retail Applications : 13.02 Lakh
% of applications requesting 1 -2 Lakh : 39.95 %
% of shares allocated to such applications : 87.89%
Above statistics is as per our expectation and clearly smaller size of (questionable) retail investors are blocking a huge chunk of IPO. Gradually those investors who have capacity to invest only small sum of money will be driven out of this process. Hence this rule change has morally defeated its sole purpose "increasing the participation of retail investors".