all lead managers should be told that investors will not apply in the issues where karvy is registrar. why are they giving this work to karvy when sebi had fined them for scam in the past.
total scam. there is a need to start an rti inquiry into karvy''s allotment process. same people keep getting allotment in every issue and others get nothing . SCAM
My application no 80130920 its my bro ac n the name shows mexay mangaldas prajapati n when the same detail entered in bse site thn it nt displayed anythng. I vl complaint to sebi fr ths n complaint of karvy also.
MY DEAR FRIEND ,I HAD ONE DEMAT ACCOUNT .I APPLIED 2 IPOS ,I DID NT GET ANY ALLOTMENT.
995.2. lokes| Link| Bookmark|
September 21, 2017 7:33:21 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@courser: ipo is 17 times oversubscribe in terms of shares not in terms of applications so how does it is like that only 1 out of 17 demat account holder will get... one application is applying for minimum 60 shares.....
In such high subscription figure, allotment is purely lottery. With probability of 1/17 = 0.059 or you can say there are 6% chances of getting allotment.
MY DEAR BRO .linktime and other brokages .will good .because i m applying since 2 years last 2 years i had alloted almost all ipos.last 3 months will not get,why reason.
995.6. lokes| Link| Bookmark|
September 21, 2017 7:41:20 PM
IPO Guru (4400+ Posts, 5100+ Likes)
ya i have read a lot about allotment process on google... but if so many people with so many lots applied ( 1lot * 60 = total shares) then who else is getting allotment in retail category.... u read messages here only....ipo is oversubscribed only 17 times for each share....means for one share they got 17 shares bid....but i didn''t got a single out of 20 lots means 1200 shares applies....so its 0 out of 1200 shares....and many other people like that here....but in actual allotment should be 1 out of 17 shares...but in general most people here writing minimal allotment so where all those remaining shares going....its for sure some setting in karvy or some back door thing...
@ Lokes, Again, most of the ppl who have been applying IPOs for long time would only apply for 1 lot for each application. Agreed that, it was oversubscribed about 17 times, if applications with multiple lots like yours are kept aside(very few cases), it could have been atleast over by 10 times as most of the applications have 1 lot only. In such cases it comes to 1 in 10. It used be the case very long back that allotment was made based on how many lots you have applied but SEBI forgo that process to give all the applicants fair chance.
991.1. lokes| Link| Bookmark|
September 21, 2017 7:49:38 PM
IPO Guru (4400+ Posts, 5100+ Likes)
hi, with 3 application do you mean you applied with 3 different DEMAT accounts with 3 different PAN numbers.? or do you mean one DEMAT account and applied for 3 lots ?
Karvy doesn''t know me and I got 1/1 and in Dixon mom got 1/1 and for me 0/2. It''s totally lottery. We should write to sebi about this that at least all reailer invester should get allotment on bases of persentage issue subscribe. I had written to sebi and request u all also to please write to sebi so that they think of it. http://www.sebi.gov.in
sebi se allotment proces me change karne ke liye complaint karni chahiye. Vaise to stock market me knowledge hoti he wohi paisa banata he lekin ipo aisi proces he jisme knowledge nahi luck kam karta he. Aap ki knowledge kitni bhi ho aap first day aply kar donge aur jiske pas kuchh bhi pata nahi chalta stock market me woh last day figure pe aply karta he aur allotment le jata he to apki knowledge kuchh kaam ki nahi. Isliye sebi ko day by day allotment karne ka rules banana chahiye. Kuch log kehte he ki oversubscribe ki vajah se allotment nahi milti to oversubscribe hua to kisi ko 1 se jyada nahi milni chahiye lekin yaha par to kisi ko 2 ya 3 bhi milta he. Karvy is fraud company.