https://v2.webnotes.in/tags/tie-breaking/Recent content in Tie-Breaking on WebNotesHugoen-INWed, 20 May 2026 00:00:00 +0000https://v2.webnotes.in/multiple-offers-same-price-auction/Wed, 20 May 2026 00:00:00 +0000https://v2.webnotes.in/multiple-offers-same-price-auction/<p>In a daily NSE / BSE <a href="https://v2.webnotes.in/auction-market-nse-bse/">auction session</a> for short-delivery resolution, multiple sellers may offer shares at the same price. Allocation among them follows a specific tie-breaking rule that participants should understand before placing auction orders.</p> <h2 id="the-allocation-hierarchy">The allocation hierarchy</h2> <p>Auctions are matched on price-then-time priority:</p> <ol> <li><strong>Best price first:</strong> The lowest sell offer is matched first against the highest buy bid.</li> <li><strong>Time priority at same price:</strong> Among multiple sellers offering at the same price, the seller who entered the order earliest matches first.</li> <li><strong>Pro-rata in some segments:</strong> For specific auction types (mostly very thin contracts), allocation can be pro-rata.</li> </ol> <p>For NSE equity short-delivery auctions, time priority is the standard rule.</p>