Coal india ipo
Shares allote NIL

I have applied for coal india ipo... money is already debited from my account on 22nd NOV but wen today i check the status it shows that

Company Name: Coal India Limited

Application Details

Sole / 1st Applicant: NAVEEN

Cut off Price: 245

Shares applied: 400

Allotment Details

Shares Allotted: NIL

Amount Adjusted: NIL

Offer price of Rs.232.75 applicable to Retail Bidders/Employees.