@whiteFox : I got it for Azad Engineering today, around 4:30 pm. You remember that "tera saabun slow hai kya"? it is applicable at least in case of ICICI
Many banks sp. ICICI sent message next day of ipo close that ur ipo amount is blocked. So people think they got allotment. When ipo close, then bank sent msg ur amount debit or unblock. Dont understand that amount blocked means u got allotment
Ek toh ye log jo block ke message ko debit samajh ke humari heart rate badha rahe hain, SPAM karo inko.. Bhai, yahan bandha 2 minute liye self doubt me chala jaata hai, why everyone else is getting debit message and I am not
Sorry Guys.... Debit message received from SBI is for Mufti IPO.
184. Som mca| Link| Bookmark|
December 26, 2023 8:09:20 PM
Top Contributor (300+ Posts, 200+ Likes)
KFIN 1st publish the allotment, then they debit. Linktime 1st debit then next day publish the allotment. So if debit message not come, dont worry, check at KFIN site 1st.
In the era of digital tech n big data, still so much time is taken for allotment. Plus for this one we had benefit of holidays too.. still it’s not declared yet.
Last 2-3 months, we have seen major concentration of IPOs not only bunched together, but also around long weekends (with either Monday or Friday off). Now luckily 26th Jan, the only holiday in Jan, is also a Friday. Will give an opportunity to confirm this hypothesis.
Frankly, I am not of the opinion that major hanky panky happens in allotments. Aate mein namak ho, chalta hai; namak mein aata nahi chalta. This long weekends thing only gives them some extra time to complete their end of processing, if required due to bunching of issues.
However, what still remains unanswered is why bunch them together? Is it to favour super HNIs who can still put in multiple bhni bids? This seems possible and legal, though not in the right spirit.
In last week RTA have issued 2-3 IPO allotments b2b by EOB Day 2. Considering this single issue, I was expecting it to be quicker this time, but but..
I am not factoring the extra time they got due to holidays, not even expecting them to work. But at least allotment of single issue should have been released earlier.
181. Not Smart| Link| Bookmark|
December 26, 2023 7:51:40 PM
IPO Mentor (600+ Posts, 200+ Likes)
Ghosh. Negative listing has great impact on CG members; usually all members start discussing about the allotment on allotment day. I do not see any discussions going around here on this page today; while this one is stronger and is expected to give better listing returns though
@Aruce🙂 : Agreed. But this kind of silence is also indicating the kind of mindset people enter into IPO markets and get lost after such small hiccups. A regular IPO applicant or allottees have already experienced worst.
174.4. KGSKIPO| Link| Bookmark|
December 26, 2023 3:05:49 PM
Top Contributor (400+ Posts, 100+ Likes)
No discussions as none of the CG Members has allotment
@KGSKIPO : It is always the case, we know. But members used to be very active since morning of the allotment day. While today, no one is talking about it.
@GrayIsTheNewBlack : Agreed, last week was overburdened with so many IPOs; and now when people have got some time off, they are not that much active. Also, there's this boredom in everyone of discussing same topic every day.
@JSK✨ : Yes, I am expecting that it will give decent to good results. So, I am hopeful of getting an allotment there.
@MVP : Hahaha, possible, after 8pm tonight, our jagrut janta will rise and start posting their messages for debits/allotments/unblock-block/etc
173. Rakcyt| Link| Bookmark|
December 26, 2023 5:19:33 PM
IPO Guru (1300+ Posts, 1300+ Likes)
This is usual cyclic event which happens whenever there is euphoria in primary market to bring situation down to reality and let's take it as healthy sign of matured market . With Tata tech ipo there was flood of new entrants who believed this is an easy way of making money . Those who understand will continue to stay while some filtration will occur to weed out gullible investors . There will be bottom fishing for good ones now 😉
Under performance to grey market will put marginal listing at big trouble , IPO with good GMP will sail through , while those with marginal GMP like 10 to 20 % will be under pressure now.
On BSE India website it is showing Azad Engineering Limited IPO Name but not able to search my Application. Kindly check if your works.
171.1. Saney| Link| Bookmark|
December 26, 2023 5:09:13 PM
Top Contributor (400+ Posts, 100+ Likes)
This is an usual phenomenon… ignore
170. Kiaan| Link| Bookmark|
December 26, 2023 5:00:00 PM
Top Contributor (500+ Posts, 200+ Likes)
Recent happenings ie listing below the issue price or much below the grey market indications ,have reinforced my thinking that keeping big ammounts for mearly IPO applications, is not fruitful. It entails loss of opportunities of secondary market investments. It is further aggrevated due to rarity of allotments. I believe that there are increasing no. of participents who are shifting towards 2ndry market , like me. Time will tell.
Yes, the euphoria of IPOs specially after staller listing of companies like Ireda and Tata Tech, number of IPO applicants seems to have grown multifolds. Let's see how many continue.