Question: why ujjivan ipo not allotted?
Answer: Share allotment is done as per SEBI rules. The IPO, which was open from December 2 to 4, had a price band of ₹36-37 and a face value of ₹10. Reuters reported that Ujjivan has finalised ₹37 as the allotment price which means that those who bid below ₹37 will not be eligible for allotment of shares.