Description:Detailed Description of the Tool and Its Formula:

1. Objective: The tool aims to optimize the allocation of limited capital among multiple IPOs by predicting the likelihood of allotment using a proprietary formula.

2. Parameters and Weightage:

• Size of the IPO in INR (Retail) (A): This constant parameter is assigned a weight of 60%. It categorizes IPO sizes into bands, each assigned a specific score based on historical data and market trends.
• Grey Market Premium (B): As a changing parameter with a 10% weightage, it assesses the market's expectation of the IPO's performance, scored on a predefined scale.
• Subscription Status (C): This parameter, with a 30% weightage, reflects the demand for the IPO, scored based on the subscription rate.
• Market Sentiment (D): An additional parameter representing the overall market condition (bullish or bearish), which significantly influences IPO performance. This parameter will be quantified and incorporated into the formula.

3. Functionality:

• The tool calculates a score for each IPO based on these parameters. This score is then used to estimate the probability of allotment.
• The formula is designed to provide comparative insights across multiple IPOs rather than focusing on standalone analysis, making it particularly useful for retail investors who need to choose between several options.

4. Algorithm and Calculation Method:

• The algorithm processes the weighted scores of each parameter to generate a final score for each IPO.
• The calculation method follows: Total Score=(A*0.6) + (B*0.1) + (C*0.3) + (D*[Weight])
• The resultant score is then used to estimate the probability of allotment as a percentage

5. Backtesting and Validation:

• The formula will undergo rigorous backtesting using historical IPO data to ensure accuracy and reliability under various market conditions

6. User Interface and Accessibility:

• A user-friendly interface will allow investors to input data for multiple IPOs and receive comparative probability assessments.

7. Market Relevance:

• This tool is highly relevant in the current financial landscape, where retail investors often struggle with the decision of which IPOs to subscribe to due to capital constraints
, C , C , Claims:The Applicant is seeking ownership for the tool invented by the Applicant. • The formula is designed to provide comparative insights across multiple IPOs rather than focusing on standalone analysis, making it particularly useful for retail investors who need to choose between several options