How does picking a ball determines IPO allottee? IPO Allotment Process via Lottery System in Nepal.
How is IPO Allotted in Nepal via Lottery System? IPO Allotment Process in Nepal | How IPO is alloted? IPO Allotment Process in Nepal - IPO यसरी बाँडफाँड गरिन्छ | Full Explained-IPO/FPO Allotment Process via Lottery System in Nepal. IPO ALLOTMENT PROCESS WITH A TENNIS BALL. On the day of allotment, applicants are selected through the lottery system. The allotment is live telecasted through social media channels by issue managers. Different people take part in the allotment program including Journalists, Representatives of investors, and other stakeholders. For the allotment, the first random ball with a number is selected from the basket. The ball is numbered from 1- 9 which determines the first IPO allottee. After that, the skip value is added to the first lucky number to determine get the next allottee.
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