Seems like Skyline forgot that it is 21st century & we have computers to do these things. Hope they are not using pentium 4 processors. :P Jokes apart, this is a serious concern when organizations take people granted. It works until you have monopoly. Hope they understand people's pain about limited funds & unblock amount ASAP.
Some RTA's are following T+0, some T+1, T+2 and some T+3 days for declaring allotment and unblocking of funds. Very difficult to plan
64.1. Krishna T| Link| Bookmark|
September 23, 2023 11:54:47 PM
IPO Guru (1600+ Posts, 900+ Likes)
Yes, this would be continued till compulsion of T+3. As of now, LinkInTime followed, Cameo followed, Kfin partially started following.
Please don't confuse by T+1/2 for time being, people starting mentioning all these 1, 2 3.
SEBI rule says, T+3 means (post Dec 01); listing must happen on 3rd business day. We will come to know post Dec 01 itself.
Normal pattern, we should see like: 1st business day - allocation (block/unblock game) 2nd business day - mandatory allocation if missed 1st business day and credit in demat 3rd business day - listing
64.2. DNM| Link| Bookmark|
September 24, 2023 8:23:55 AM
(200+ Posts)
Almost all registrar gave allotment on T+1 or T+2 and also unblock funds asap. This DUMB registrar is not interested in improving. So must be given some lesson by boycott. So new companies will also avoid this registrar.
63.1. Vaibhavvd| Link| Bookmark|
September 23, 2023 9:13:31 PM
Top Contributor (300+ Posts, 100+ Likes)
@VIPVIP Ji as per SEBI still, T+6 is continue, lagta hai T+3 me allotment ho jayega, dhire dhire sab improve ho raha hai, aaj KFIN ne T+1 me allotment de diya.
63.2. Jsca| Link| Bookmark|
September 23, 2023 9:18:03 PM
Top Contributor (500+ Posts, 100+ Likes)
63.5. PeterEngland| Link| Bookmark|
September 25, 2023 12:11:32 PM
Top Contributor (300+ Posts, 100+ Likes)
Totally agree, going to boycott Skylines IPO's until they improve, won't be any loss as we can apply two issues in the timeframe Skyline take for one issue.
Skylines incompetence is going to impact the subscription another issue managed by them (Mangalam Alloys Limited closing today ) so companies should boycott them as well.
63.6. Not Smart| Link| Bookmark|
September 25, 2023 12:48:58 PM
IPO Mentor (600+ Posts, 200+ Likes)
Yes, decided not to subscribe hereafter for the issues managed by this registrar
I have send mail to their office. Let see what they declare. Problem with me is that I have limited funds with unlimited IPO coming. If unblocking is not uniform accross the RTA's than it is difficult for me to apply in good IPO
@papan.. don't take it in other way.. I still have the memories in my mind regarding ipo process in early 1990..we have to collect the ipo form from vendor than filled it and attached the cheque with the application for applied lots.. the allotment process took atleast 60 days to completed.. Refund for the non allottee received by a/c payee cheque.. and non allottee has to deposite it in his bank & cheque clearing procedure also took even one week to credit the refund amount in the a/c.. So in this way ipo's in that time took around 3 months period to be completed... & if by the mistake of postman, someone not recevied the cheque of refund amount.. than there are lot of delay in getting the refund amount return.. So now the things are become more more easier..so enjoy this easy atmosphere in the ipo market..being in the share market for more than 40 years.. we have seen many challenges.. in secondary as well as in primary share market.. May God bless you with good health & wealth always.. 🌹
@ Diwan Kapoor, you are talking about 90's, i was not even went to school than. You are very senior to me. I came in market in 2011. Totally agree with you. But with changing time and scenario your expectation also increases. I am from Assam. In those days travelling to Mumbai from Guwahati and back on same day was unimaginable but is possible now. Thank you for your wishes and same to you.
62.3. Vaibhavvd| Link| Bookmark|
September 25, 2023 3:44:02 PM
Top Contributor (300+ Posts, 100+ Likes)
@diwan kapoor Ham USS vakt (1990) janme bhi nai the, achha laga Puri process ko sunke, uss vakt ki passion ko bhi Salam hai, yaha to T +6 me bhi lagta hai jyada din hai, T+3 ka wait ho raha hai. Thanks for sharing memories.
61. Vaibhavvd| Link| Bookmark|
September 23, 2023 2:15:10 PM
Top Contributor (300+ Posts, 100+ Likes)
Madhusudan masala ka allotment aa gaya, yaha to sannata hai. Lagta hai Monday night ko hi ayega.
60. Anshujii| Link| Bookmark|
September 23, 2023 12:42:42 PM
Top Contributor (700+ Posts, 100+ Likes)
I will not apply IPOs managed by Skyline RTA till the time skyline not starting to follow T+1 allotment ...
If i were you, i would not do that. We all can understand the anger but It is just a few days more. You will never know when the lady luck smiles on you. Be patient, you will have your day in the Sun... All the best..
Very minute because no allotment info today...usually unblock happens the day after allotment updates... With so many bundle of ipos around it doesn't matter I guess