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Irregular allotment refers to a situation where shares or securities are distributed in a manner that does not follow the standard or proportional allocation guidelines, often leading to uneven distribution among investors. This can occur in various contexts, such as initial public offerings (IPOs) or rights issues, where some investors receive more or fewer shares than others based on specific criteria or decisions made by the issuing company. Irregular allotment can raise concerns about fairness and transparency in the allocation process.

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