0/ 11 application . Not possible. Karvy is keeping application themselves and taking only few actual.ones. I am complaining to SEBI. There is definitely wrong allocation .please everyone complain.
Karvy not giving allotment who apply on regular basis. He gives allotment only fix pan number or new account. One of my account didn''t get allotment for last 3 year and when I create new account for family member I got allotment on very first time.
I am with you, please help me how to file complaint. I got 0/7 and not even this all with Kfintech
458.5. Brownsugar| Link| Bookmark|
March 19, 2021 9:36:09 PM
IPO Guru (3100+ Posts, 2800+ Likes)
9x over sub by applications..so atleast 1 lot should. Have been allotted... Kfintech in corrupt just like karvy stock broker...same group same cheapness
What do you guys expect, when Watchman, Bhelpuri Wala, Panipuriwala, Wadapav walla, Taxiwala all start applying (which they ofcourse can)...then how can allotment be so easy.
Look at the number of retail applications these days...I seriously hope SEBI moves back to the old rule of Maximum lots get more chance of allotment.
Either Shares for sale have to increase or retailers applying have to decrease. This is the only solution for allotments.
Bitter Truth, but the fact!!
Disclaimer: By the above post I do not mean to insult any of the professionals mentioned above. They are purely from an example standpoint.
458.10. Scrip| Link| Bookmark|
March 19, 2021 10:49:38 PM
Top Contributor (400+ Posts, 200+ Likes)
I got 1/7 I am fine with this. Oversubscribed IPO are of pure luck. In case of IRFC I didn''t get allotment in any of my account. No need to blame registrar for any foul play.
458.11. Scrip| Link| Bookmark|
March 19, 2021 10:55:50 PM
Top Contributor (400+ Posts, 200+ Likes)
@brownsugar Ur theory is wrong Chance of getting is 1/9 for all and not 11/9. Some times people apply from one demat and they get Allotment and some time they apply with more demat but still didn''t get any allotment. It is pure luck play.
@Uday bhansali ? You mean IPO should be limited to rich people only ? It is good thing if poor are applying. Instead of crying, we should be happy for them. These Rikshawala, Autowala, fruitswala etc already face a lot of shit from people like you daily. if they make any profit. they will spend on their kids education or necessary things. Unlike you who have one goal in life... Greed.... Greed.....! people like you are same one who fight with these people over 1-2Rs.
You also said "I seriously hope SEBI moves back to the old rule of Maximum lots get more chance of allotment." This one won''t benefit you either because there always will be someone who got more money than you and someone who got more than him.
@Uday, Sebi should change minimum threshold from 35% to 50% for RII in profit making IPOs and from 10% to 20% in loss making IPOs as RII applications are going to increase with time. They should also reduce the range of 1 lot from 15,000 to 10,000( they are thinking to reduce it to 7,500 which is very low๐). This few changes should be done to have more allottees in RII Category๐ .
from last three ipo ease mtar and anupam all fintech. fraud. something is fishy
458.17. Faizan| Link| Bookmark|
March 20, 2021 12:32:07 AM
Top Contributor (200+ Posts, 200+ Likes)
I can''t judge if there is some "Black in the pulse" (Dal me kuch kala hai) or not. But sharing my experience. I also not got any allotment whe Karvy is registrar. Applying in IPO''s from 5 years. I have instead got most allotments when registrar is LinkinTime and few in BIgShare. People call Linkintime most corrupt, but i have got most allotment from it.
Its person to person difference may be. Those who get allotment from Karvy, they Karvy is good.
458.18. IPO smart| Link| Bookmark|
March 20, 2021 9:49:19 AM
Top Contributor (400+ Posts, 100+ Likes)
0/9 Really surprising. all applications applied with own net banking ASBA. No third party applications. not a single allotment to my family members.
Karvy is known for its IPO scam https://economictimes.indiatimes.com/markets/ipos/fpos/2005-ipo-scam-karvy-consultants-rs-65-lakh-fds-seized/articleshow/32956244.cms?from=mdr
I will not blame any registrar but the subscription figures because of popularity IPOs have gained.
If RII is subscribed 100 times applications, out of 100000 applications, only 1000 will get one lot each, and 99000 applicants will not get any allotment. So even if somebody with even 500 applications and with extreme bad luck may find all his applications in that 99000 portion.
So I feel problem is of oversubscription which is caused by various people and agencies opening multiple accounts resulting in oversubscription. They have every right to do so being IPO professionals and should profit from managing such big no of accounts. That is usually a result of popularity and profitability IPO business has gained, a natural drawback for simple RII.
Only my views and absolutely no hard feelings for anybody/group.
Well, probability won''t work like that. Small eg, if you toss a coin a million times you may get a million heads only. 50% probability doesn''t mean 50% guaranteed. Myself I didn''t get allotment many times, if it is a fair lottery, I accept the outcome.
@Newbie, first try to have a name and an identity of urself.
Coming to my point, there are application on these professionals. But these applications are not of their own actuals. These are rented Pan / Demats for which commission is given to them for the application. In this case too the Rich are only gaining.
Coming to my point of Maximum Lot Maximum chance of allotment, atleast in that case the Pan''s such Fake Demats will disappear, as Maximum capital will go in 1 IPO itself.
Lastly if this is not the case, then split the allotment. E.g. 100 shares and 10 times oversubscription, then equal distri of share even if it means 1 share per holder. With this login all will have to opportunity. The grounds right now the IPO process is there, only the RICH are gaining.
This may take a higher IQ to understand. Probably beyond urs.
Mr. Novice sir, your idea is great. But unfortunately it does not guarantee full subscription of an IPO. Retailers if do not find GMP will not take it. But FII and HNI, the IPO is bound to get the many. Exceptions may apply, but 90% of the times they will not have to pull back the IPO due to subscription below par. Again 7.5K per application will / is going to lead even more subscription. Since person applying for 1 will now apply for 2 in such rented accts. Even if this be, then the UPI for multiple applications from 1 acct needs to be addressed soon. This will have some cap due to the fear of money not returning from such rented accts.
Dear Experts, Can someone tell me the basis of allotment I have applied for more than 20+ IPOs ( 2 application each) but didn''t get any allotment. Thanks.
Over subscription is always lottery in RII category. There are many like you. No need for self pity. . Did you apply for Gland and Yes Bank? Both were not fully subscribed. And those who applied got allotment and Gland gave 80% and YB gave 50% gain.
Worst bank to subscribe via upi is dbs. They block the money and are not bothered about the mandate, they will only end it when it automatically completes. Pathetic behaviour
Auto-components makerย Rolex Ringsย Ltd has filed preliminary papers with capital markets regulatorย Sebiย to launch an initial share sale
Rolex Rings'' IPO comprises fresh issue of shares worth Rs 70 crore and an offer for sale of up to 65 lakh equity stocks byย Rivendellย PE LLC (formerly known as NSR-PE Mauritius LLC)
@aniketifaf, What are you Listing Expectations and Long Term view on Anupam Rasayan? You are not active on this forum nowadays but we need your guidance :)
Either booked out full or if want to wait then it should be for long term like 3-5 years. Short mid term don''t look attractive due to high valuations.
Allotment process have to be transparent, No investor should be cheated. Should the share allotment process be monitored by any regularity for decide that Allotment System of companies for share allotment process fair or not?
Hello experts I have applied in almost all ipos after indigo paints. It''s like more than 30 applications till not but haven''t got single allotment can you guide me why? Is there anything I''m doing wrong or what can be done to get the allotment
Same here.. Mujhe bhi nhi mila abhi tak almost 13 ipo me apply kar chuka hu but mene Suryoday SF bank ipo me apply kiya huaa h usme bhut kam subscription huaa h to dekhta hu usme milta h ki nhi agr usme bhi nhi mila allotment to fir to kuch gadbad h.. Suryoday me only allotment milne ki khusi milegi baki iska gmp to bs 5 pe chlra.
Here are few mistakes people do for which they hardly get any allotment.
1. Applied more than 1 lot from 1 account. Never do this. Always apply 1 lot from 1 account( Pan number) 2. Having less than 5 different Demat accounts. Not utilizing family members'' pan cards for Demat and IPO applications is a major issue for many people. 3. Not using the right trading platform.
Nothing wrong. With lots creation, its pure lottery and not proportionate. So the larger the subscription, lesser the chances. If your fate-line favors you with good lottery success, then you will get here too. And it is really no use applying for larger quantiites. On the other hand, try for NII category which is proportionate. But your application numbers must be large enough to be divisible by the oversubscription.