Allotment

Tax Glossary Definition

Allotment

Allotment – The formal process of allocating or assigning shares or other securities to applicants, typically following a public issue such as an IPO. It represents the distribution of new shares among investors once the subscription process is complete, particularly when demand exceeds the number of shares available.

Example: In an IPO, when the issue is oversubscribed, shares are allotted to investors proportionately based on the size of their applications.

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