@skg1988 @13nitinsharma
All in all, this is little unfair of CIC to do draws in an uneven manner.
In 2019 so far, five months have elapsed and more than 35 percent of the total ITAs so far were issued in January itself.
It seems weird that:
- Jan - 35 percent
- Feb, Mar, April and May - 65 percent
Conducting draws in an uneven manner is not the most optimum strategy. They should have done their Math right in the beginning of 2019 on 1 Jan.
I think they will definitely increase their draw size based on below analysis:
- Pending ITAs = 1.2 (Buffer based on extrapolation from last year) * 81400 - 31750 = 65930
- Pending fortnights = 16.42
- Expected ITAs per draw going forward = 4,000
With 4000 ITAs, steady-state cut-off should be 447.
Thus, folks at or above 447 should be hopeful. However, there will be some backlog in the beginning because of what happened yesterday leading to a three week draw.