It is really very bad on the part of Burnpur Cement and the managers....atleast they should have provided some clarification thru media/official website to clear the confusion in the air.Surely this bad public relation on the part of them will leave a bad impression across the market.
I think Mr. Vikram Singh's comments are true upto some extent but these (288) are absolutely my views and I am not having any problems with what I said, there was nothing to get so harsh about it. This is after all janta ki awaz getting too harsh on it could be a problem for you, believe me.
Hi Friends, You cannot blame Chittorgarh.com or any other institution for your lack of understanding of the IPO Basics. Burnpur allotment is not done because fixed price IPO usually takes one month to get allotment. We are still in third week and registrar still has one more week to allocate shares.
Chittorgarh.com has clearly mentioned 'Public Issue Type: Fixed Price Issue (Initial Public Offer IPO)'. If an IPO investor does not understand these terms they should not apply in IPO's before knowing these IPO basics.
If you invest anywhere in this world without understanding the basics terms where you are investing, you are taking a huge risk of loosing money.
Do not follow people blindly, spend few hours reading about the field where you are investing or learn it hard way like you are doing this time.
Sorry if this is little harsh but that’s the truth.
If the registrare is Allocating the stocks before 2/1/2008 and refund before tha same date then we cannot do anything. But if they make a delay then we can only claim the money back with interest. So guys if anything later then 2nd Jan then please complaint to SEBI about Intime spectrum and Burnpur cement. Also we must suggest to Chittorgarh.com that these details should be mentioned alongwith the issue as fixed issues are normally not very common so what is wrong in writing a single sentence alongwith other details. I found no institutions are mentioning this alongwith the issue. NSE BSE and SEBI should also be blaimed for the missing information.
DON'T PANIC. DON'T HURRY. THIS IS FIXED PRICE IPO. AS PER SEBI GUIDELINES THEY MUST RELEASE ALLOTMENT / REFUND WITHIN 30 DAYS FROM THE CLOSURE OF THE ISSUE. IPO CLOSING DATE IS 03/12/2007. SO, 2/1/2008 IS LAST DATE FOR ALL. ************** this information for new investors(those who have enter stock market in recently) ******************.
The Issue was closed on 03rd DEC and hence the allotment date works out to 18th DEC (15days). This company and registrar both are delaying allotment and keeping the huge application money to their benefit. I hv not seen this Registrar in anyother IPO, if this is the performance they may loose further business.
Sir, This is for your kind information that Allotment status not yet finalized, but we hope all the details regarding Listing Date and Allotment status will declared last week of Dec'2007.
Our Registrarer, Niche Technologies Pvt. Ltd, working in this matter.
hello , when is Burnpur Allotment and Lisitng , registrar provide me the information, or i had to file compliant against registrar and company both .I hope u undertand , when there is investor investing in IPO , within 45 Days company allotment and lisitng has to be done ......