Aditya Birla Sun Life AMC Ltd IPO Message Board (Page 18)

Yes Sir. We had a detailed discussion with them. They heard all the points but rejected them one by one using excuses like regulatory problems, competitors are doing it wrong and can''t share all the details as it will raise more questions.

They said that they are following the best practices based on their experience for the last 20+ years.

Here are few points they emphasized:
1. In most oversubscribed IPOs, it''s pure luck to get the allotment.

2. In the current environment, most rejections are because the banks fail to block the amount.

3. Reaching the registrar by email is the best way to get the details. They are bound to respond to the email in a limited timeframe as per SEBI rules. But practically most responses are not useful as they have standard copy-paste responses without any investigation.

4. 98% of complaints received by the registrar are due to bank-related issues. In most cases, the bank fails to lock the amount on time. This is an ongoing issue since ASBA was introduced. They do not want to provide detail to customers as they believe it will put them in trouble with the banks and get into more complicated issues.

5. Banks are not regulated by SEBI, unlike other stock market entities. This makes SEBI helpless to take any actions.

6. The detail of not allotment is not provided by any registrar including Karvy. In case you don''t get the allotment due to the lottery, Karvy''s email notification says ''Regret - Un-successful allotment due to oversubscription''. But in the case the allotment was not done due to other issues like bank failures, Karvy also doesn''t provide any details.

While they appreciated our efforts in bringing these issues, I do not expect any change. They were behaving like a typical government office.

I wholeheartedly appreciate the efforts. It is worth mentioning here that one should try all the possible ways to find out the appropriate solution and the team has done its best in this regard. The reason for such great reputation to the site is that the members are having great belief n confidence of prompt response. The team should always be attentive and prompt to do the best for uplifting the charm n decency of the site. I am quite confident that the team will continue to do so with tireless rejuvenated action. Well done. Thank you.

Team Chittorgarh,

"They heard all the points but rejected them one by one using excuses like regulatory problems, competitors are doing it wrong and can''''t share all the details as it will raise more questions.
....
....
While they appreciated our efforts in bringing these issues, I do not expect any change. They were behaving like a typical government office."

If this is their behavior, why can''t complain to SEBI. They should provide proper response with valid reason for the rejection. It will be hard for individual to reach SEBI and bring this matter up.

I would suggest Chittorgarh to take lead on behalf of retail investors and put this issue to SEBI. With such a great platform of Chittorgarh, retail investors can raise their voice against improper practices.

Hope to take this issue further to regulators.

Karvy also mentions status - '' Regret - Application rejected on technical grounds '' in case of 3rd party UPI but linkintime is not providing any reasons.

Also kfin has 5 servers which doesn''t hang on the allotment status day and linkintime remains hanged till 1 hour on allotment status day.

And one more new thing their customer care number congratulate everyone for MINUS allotment.This happened in PDSTL IPO. Simply ridiculous.

Patel ji,
I also join in requesting the Chittorgarh team to take up the issue with SEBI as individuals can’t take up with such power oriented efforts. The team may please examine the proposal with a positive attitude and do the best for the needy sufferers. You are given an opportunity to prove yourself. Thank you.

?Talking about Karvy, I receive this message for non allotment - "Sorry! You have not been alloted any shares against your application"

1. What is the best way to apply for IPO, considering that bank will block the amount? Will physical form ensure more robustness in the process because if banks dont block amount, that is stupidity.

2. Or should we add our funds to trading account and then apply?

Dear Mr. P Patel,

As per them,

They are working as per the framework defined by SEBI.

They do not provide all the information as to its not feasible i.e. detailed basis of allotment for NII.

SEBI has its own limitations over banks.

As per the regulation, they are required to respond to any queries received by them. They do it but it''s not helpful as the responses are standard copy-paste messages.
---------------

Complaining to SEBI
Unless we have strong proof of they breaking a rule, SEBI cannot be involved. Remember that SEBI is actually a Government Office :)

Dear KAMMA SIVA RAMA KRISHNA,
We appreciate your kind words. SEBI is not an option here as we do not have proof of any wrongdoing.

What we suggested them is:

1. Improving the process and sharing more details with applicants will reduce the support and technology costs.

2. It will increase the brand name and reputation that will result in more business.

3. It will help millions of small investors and they will thank you for doing good work.

Hope they will consider some of the suggestions offered.

No doubt about that karvy and linkintime both are Mousera bhai.....in allotments and its believe that sebi who is fully aware this irregularities,also some relative in buusness....so it will appropriate that matter raised to SC....or HC mumbai they will issue notices to all related

I once again reiterate that we are confident that you will understand n do your best in the interest of the retail investors. I bow down for your kindness in promptly responding n addressing the issue. This attitude brings laurels to the site. Good going.

I have one query that I am unable to find on any forum. If amyone has any idea or has link to any article please share. Do the registrars change their algorithm for lucky draw for every IPO or keep it unchanged. All I know is the process is audited by SEBI.

If such is the case, then the matter should be taken to Finance ministry, the master of all.

Thanks Team chittorgarh

at least proper reason of non-allotment like kfintech (''''Regret - Un-successful allotment due to oversubscription'''') must be mention in email by linkintime. To shown this type of reason in mail, i think it is not against any rules of SEBI..

In short, they will do their bogus allotment process and not to make it transparent & they will do malfunctions in high GMP IPO in future ....

No any hope from them now

yes submit asba application of SHA category from AXIS with zerodha demat details

In that case, you can apply in the IPO from NetBanking.
Almost all of the banks provide facility to apply in IPOs from their net banking site.
There, you have to enter your DEMAT Number. There if you enter ZeroDha Demat Acc No, your application must be considered as under ShareHolders category.
Though this is my question too, that if I have ABCL shares in Demat1, can I apply from Demat2.

Thank you, had contacted Zerodha regarding same and informed me that option will be available on 30th. As told, option was available today and I applied through Zeroadha.

if we apply for all 14 lots in share holder quota, can UIP mandate handle such big amount? I think for google pay / phone pay have some sort of restriction for max daily payment.

@MehulStk - Good question. I have no answer and never dealt with this. Experts can share their experience with it.

Hi
i am thinking it will subscribe atleast 5 times in shareholder category so in order to get confirm allotment atleast 5 lots should be applied.

my wild guess is It would be more of VIjaya diagnostic kind of IPO with less HNI activity and more of QIB

Dear Jstm sir kindly guide for cartrade should I sell at CMP or wait

Dear Shreyas , Rally has just begin in CT. Last week journey started from 1200 to 1300. This week 1300 to 1400. Wait for few days. There is nothing to worry. If possible buy at current price 1300.

Dear Shreyas , CT 1440 .

w.r.t yesterday''s post

Thank you so much sir for your guidance....❤..... Should I keep Car Trade in my portfolio for long term?

Dear jstm jee,
Rally begin today price is 1440/-.
sir jee your calculation is very good and the script move .
please advice if any others company which is very good in fundamental for investment purpose for long term.
thank you very much for your advice.

CT is up ~8% today 10/6 (12:15pm), Current price: 1445
I think CT IPO allottees are feeling relaxed day by day.. and CT shareholders who bought at lesser price are enjoying the profit.

Btw.. I bought CT at 1235 and now the gain is ~17%

Thanks

Sept Qtr (half year) end effect, during March Qtr end also you will see SME rush.
All can be skip except Bombay (Again decide after HNI interest on the last day).

@DBJ r u holding denpro and markolin?What is your opinion about both ?.

No Sir, in this year i applied only EKI and Denpro, both were not allotted.

@DBJ thanks for the update

Can you suggest if there is any SME ipo worth applying for listing gains.

Great stock for portfolio. Holding since allotment and adding on corrections.

Small update -> Rs. 3363 is 52 week high on 15th Jan 2021. All time high is: Rs. 3796 on 21st Nov 2019.

Sold partial @ 3729 from allotment on 18th Sept, 2018. And again accumulate on corrections..

Simlarly UTI AMC ipo price Rs 554 issue closed 01 oct 2020
low Rs 500 after one year today Rs 1078 30/09/21

Again patiently holding 2 lots of UTI AMC since allotment.

Everything not similar as compared to other, 1. PE ratio difference 2. Market trend 3. Most important point - complete OFS means... Company not getting any money for expansion or any planning of growth 4. UTI backed by rural demand, Top on this segment, and expand further through ipo money 5. HDFC backed by banking channel that ABSL not having and HDFC spent IPO money to expand on digital transformation....

By the Logic If looking for for Long term why not hold the already Listed AMC Stocks starting HDFC AMC?

Similar discussions emerged during UTI AMC with a lackluster subscription and lack of interest by many retail assuming issue to be not good. After it listing with in short price moved up over 2 times. Issues like these with definite good prospects and lackluster oversubscription are good opportunity to acquire more lots and wait for price appreciation later. ABFSL falls in this category. Those with longer term must go for it even at the fear of mild discount on listing.

@ghatol ye to Rajasthan ke Gau ka naam he na !!

Why not buy from secondary market after listing?, if planning to hold for long. If it would go 2x in 2-3 years, then why not pay 5-10% premium after listing OR you can also get it in 5-10% discount.
Why so much pain and suspense?

BIRLA also concentrating in digital initiatives and as advisor who works with Birla(along with other AMCs too) , this is one of the topmost digital AMC with current platforms available under Birla.

Only concern here is that, weak equity portfolio which reflecting in reducing revenue figures but it should be fine due to increasing profits and best RONW figures.

The past few years have witnessed a significant evolution in the asset management industry in India, Individual investors have grown at a significant pace and now command nearly 58% of the AUM. Equity as an asset class has grown in prominence, now accounting for nearly 45% of the AUM as against 23% five years ago.

A large share of this shift has been driven by increasing penetration across B15 cities that now account for nearly a quarter of the AUM.

Those who hold Mutal funds should atleast have AMC stock in portfolio
like listed pears NAM UTI AMC ,HDFC AMC and Aditya Birla AMC
rest to apply in Aditya Birla AMC is your call
i hold the above mentioned 3 stocks in all my family accounts plus applied in Aditya Birla AMC in family accounts
and will buy on listing if i get less allotment or at lower levels

Same here, holding HDFC and UTI AMC for long term and also applying in ABSL.

One more thing Aditya Birla Sun Life AMC in their dividend distribution policy mentioned that they will distribute 40 to 50% of profit as dividend.

Ture
AMC business will grow.
But beside that one can also look for
CAMS
Exchanges
Depositories

All these 4 businesses will grow in unison.

Just wait for correct point to enter.

EPS Rs. 18.27 Last Year