Bright Star Ltd. made a public issue of 10 crore shares at ₹200 per share. 3 Crore shares were offered to retail category of investors. The issue was oversubscribed by 5 times whereas the retail category was oversubscrib

The allotment of specified securities to applicants other than retail individual investors and anchor investors shall be on proportionate basis within the specified investor categories and the number of securities allotted shall be rounded off to the nearest integer, subject to minimum allotment being equal to the minimum application size as determined and disclosed by the issuer. The allotment of specified securities to each retail individual investor shall not be less than the minimum bid lot, subject to availability of shares in retail individual investor category, and the remaining available shares, if any, shall be allotted on a proportionate basis. In the given case the allotment shall be as under Akhil applied for 80 shares will get 80/6=13.13 round off to 13 shares. Bhanu applied for 64 shares will get 64/6=10.66 round off to 11 shares Chandan applied for 40 shares will get 40/6=6.66 round off to 7 shares Accordingly, the application of C is rejected as it is less than the minimum application size.