People are pretty surprising even though they know that they dont get lisitng gains in angel but they apply thorugh different account and before allotment they will say i dont want this I mean why the hell did u apply if u dont want allotment...Crazy people///
HI, Sorry I am new to all this. Just started applying for IPO's and trying to learn new things, but I have a doubt. How can you be allotted 5 lots if there was oversubscription in retail segment and many didn't even get 1 lot. I was reading that according to SEBI rules in case of oversubscription, a few investors will be chosen from lottery and they will all get 1 lot only. Did I misunderstand or something? I would be thankful if someone can clarify.
It might be possible your application is not sent successfully check with your broker. The same issue happened with me in IPO of Router mobiles, where I found that amount is blocked by bank but due to rush the information of same is not sent to exchange.
I found my cams and chemcon applications on allotment status link using dp id and application numbers given by sbi at the time of submission, however it was showing 'record not found' if searched using pan number of the applicant. There was no allotment (0) in both ipo's. Could it be because pan was not submitted properly by sbi to the registrar ?