[Review] Increase of maximum size of Retail IPO/FPO portion to 2 Lakh - Follow up

The following are the details from MOIL (first ipo after the rule came into effect) basis of allocation

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".

From Prem's