Agree because from last 3 years I am applying 4 application for all good ipos (70+ipo applied). But in these 3 years I never got a single IPO whose gmp was above 40-50%. This creates a serious doubt to these registars.
1) Both Registrars (Kfintech & LinkInTime) delayed to show the allotment status in SBFC & Concord to show their disagreeing of new SEBI rule for IPO T+3 days. 2) And reason for disagreeing is clearly that they don't get time to manipulate allotment as they have to give BOA in T+1 only. 3) And some Bank/NBFCs funding for IPO also support them indirectly as they will loose their interest income.
Hope you all understand my points So please reply everybody with your views...
Huge Selling Volume to come in Concord on Monday against less buying pressure, RJ legacy will make it list at near premium of 5-8% on listing day. All the best to Allotees
listing on 17 but until then monday will see more vol in counter in gm
604.4. Nifty Singh| Link| Bookmark|
August 13, 2023 12:22:27 PM
Top Contributor (200+ Posts, 100+ Likes)
@MASTERMIND KHILADI You have not considered that selling pressure will also be less. Considering not so good GMP only people interested in long have applied here. It won't crash as you are predicting with half story. Applied two retail; got nothings.
@Nifty Singh@Straight talk Brother I too have allocation in concord but limited and all sold before ipo closing as I have seen GLS performance since listing and it has better fundamentals and financials then concord but Gls ipo was timed at Pharma bear market rally start and Concord will enjoy Pharma bull rally and RJ legacy thats why we will see 5-10% range of listing premium in the counter and many will hold it in the hope of Mankind style rally.
Sebi should take some intiative have to create their own Registrar Under Sebi only so manipulating for sure not possible & all the innocent investors have better chance to get allotment & make money.
My Kotak ASBA for BHNI & SHNI still blocked. Allotment status also not shown neither received any msg or email from bank, registrar or exchange.
Anybody else Kotak ASBA pending?
601.1. IPO.RIKI| Link| Bookmark|
August 13, 2023 1:38:08 PM
Top Contributor (400+ Posts, 100+ Likes)
Bhai only yes bank completed rest all banks pending... now they will do the process tonight after 12 am or tomorrow morning... till then we have to wait only...
These registrars have 3.5 months left to manipulate allotments & make money... so they will earn maximum out of it till November & harassment will continue till November
How can we complain to SEBI ? Plz tell because this is a disastrous situation.. Allotment still not showing on Linkintime website after 2 days.. Horrible...
600.1. Earthking| Link| Bookmark|
August 13, 2023 2:02:03 PM
IPO Guru (1300+ Posts, 500+ Likes)
No need to frustrate ...You cant complain since sat and sun is technically considered holiday and so in terms of process we cant say they delayed extra 2 days, they will do it surely tomorrow morning ... and mostly all unblocked funds will be released early too as LinkinTime is registrar for TVS supply chain ipo too, which is closing tomorrow...
Don't expect them to do work on holiday for your allotment. wait for monday. It's true that delay was there on friday but can not complain on sat-sun for the task.
Mostly those who are allotted get debit message, fund unblocking and demat credit can be possible on working days only.
Its a scary situaton... registrar has all the pwers and in no contact. All money is blocked and people are stuck. This could convert into a bigger scam unless SEBI gets into it and regulates them strictly. SEBI should fine these registrars.
This is not only with registrar but every field. India is developing so corporate must have absolute power and public should be power less. Prime defination of development in India.
597.2. Mr. Agrawal| Link| Bookmark|
August 13, 2023 1:16:23 PM
Top Contributor (500+ Posts, 100+ Likes)
They have no power... Mandates have expiry date .. kab tak rokenge pesa . .. yu bhi abhi koi dam dar ipo hai ni line mai.. kar lene do mann ki kuch din ki baat hai
It's quite ironic that after the new sebi circular, delay of allotment and other things has drastically increased.🤣 It is an informal protest against SEBI or just lousyness of registrars
596.1. Mr. Agrawal| Link| Bookmark|
August 13, 2023 1:14:55 PM
Top Contributor (500+ Posts, 100+ Likes)
Yeh diya bujhne se pehle fad fada rha hai ... 1 December ke bad sebi inki chalne ni dega toh abhi logo ko dikha rhe ki inke hath mai kya hai... Bs kuch dino ki baat hai
This is the first time iam seeing such a bad experience of allotment, they should finish the process as per time and release the money so much of unwanted confusion.
At HDFC ASBA ipo application status shows Executed also shiw amount paid 14820 But amount not debited from account and not refund intiated still o ln hold What its meaning I hot allotment or not
1. Amount got debited but nothing else communicated. 2. Amount released. 3. Amount Neither debited not released. 4. Amount transferred back after they got debit message.
Those who have blocked amount need to wait until monday, ithink.
I got debit message on friday night, but no allotment confirmation received yet.
592. MAMU| Link| Bookmark|
August 13, 2023 11:10:28 AM
IPO Guru (2000+ Posts, 1200+ Likes)
HDFC ASBA debited i think because many got allotted messages and same person money hold in non alloted account. So i think in HDFC bank the one who got allotment already received message on Friday between 8-9 pm.
591. AMIT IND| Link| Bookmark|
August 13, 2023 11:09:44 AM
Top Contributor (600+ Posts, 100+ Likes)
Investors should rate link in time on Google rating. This act is unforgettable and we know no action would be taken by concerned authorities. We can only do rating where ever we con do.