Guys, i just spoke with Linkintime and got to know that finalization still going on and allotment will happen by tomorrow and so as the refund. FYI - this was told by a person from Linkintime
Many people are telling here that 1 in 5 applicants would get the allotment, but I think the understanding here is wrong.
CSL is oversubscribed by around 8 times. Now, the highest priority in terms of allocation would be for bids with cutoff price. Next, that is where I think the ratio is drilled down from 1 in 8 to 1 in 5. Now, instead of citing 1 in 5 applicants get the allotment, the right way to put it would be 1 in 5 lots would be allocated!
Check for allotment here: http://www.bseindia.com/investors/appli_check.aspx the results are not yet available though.
Do they play a priority allotment behind the scene? Being into IT industry, there is always a chance to have a back door entry to provide advantage using cheat codes, giving provision to interfere with the normal process.
I entirely agree with you. The fact of the matter is no one , including me, knows how to take the bull by its horns. Issue after issue, application over issue, suspenseful moments leading to a disappointing end. This has become a regular feature with the Registrar. Why don''t we lodge our protest unitedly? Why is this forum not uniting?
just checked subscription details.....any idea why retail subscribed only 8 times even sis subscribes by 19 times? cdsl, hudoc all subscribes 20+ times
Dear, simply bcz sis ipo is worth around 360 crore and cochin ipo is worth around 1460 crore. There is a huge difference of rs. 1100 crore''s. 1100 crore is that much amount of which a sme ipo can be allot 110 times...
Of 1470cr Cochin Shipyard IPO, 35% is reserved for retail applicants which is 514cr worth. 8.5 times over subscription is seen in retail segment and thats 4370cr. Thats the kind of money retail applicants are putting in good IPOs these days. 30 share would be given to 3,86,866 applicants. So 4.91 times application wise oversubscription means 19,02,839 applications were seen in retail segment. This is the norm these days (around 20L applications).
Just download the app, resister your & other demat accounts, you have. Whenever you will apply for any IPO handled by LinkInTime, you will get allotment notification in APP if allocated.