Share Allottment for Costain Public Offer
Below is the breakdown of the share allottment for the Costain Public Offer. As has become the norm now, the offer was oversubscribed.
| Share Range | % Allotted |
| 1000 - 2500 | 100% |
| 2501 - 5000 | 35% |
| 5001 - 7500 | 32% |
| 7501 - 10000 | 28% |
| 10001 - 20000 | 25% |
| 20001 - 50000 | 22% |
| 50001 - 100000 | 18% |
| 100001 - 500000 | 12% |
| 500001 - 1000000 | 10% |
| 1000001 - 5000000 | 9% |
| 5000001 - 10000000 | 7% |
| 10000000 and above | 4% |
Tags: allottment, public offer
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donne4real | May 27, 2008
By Lawal,G.O, May 27, 2008 @ 6:08 pm
A look at Costain final allottment format shows that an investor who applied for,say, 5000 units would have 1750 units(35% of 5000).Meanwhile, an investor who applied for 2500(half of 5000) would have 2500, which is 750 more than that of 5000units investor. What is the justification for this?
By Leye, May 27, 2008 @ 6:38 pm
That is a great observation. I am not sure how they came about such a formula for allotting the shares.
It seems now, it is better to buy shares in smaller chunks than to buy in bulk.