Broker is good. It is only broker who provides delivery based trades in minor account and provide login facility. No amc as of now. I am using its service for minor account more than 4 years. No issue faced till now.
@MVP Problem with RBL Bank Mobile App & Internet banking for checking IPO application status is persisting since last one week to ten days. Once applied, nothing is visible thereafter to track, modify/amend!!!
I raised a formal complaint that the bank abruptly closed with the issue still not resolved. So much for banking ethics!!!!
41.8. MVP| Link| Bookmark|
April 5, 2024 11:20:05 AM
IPO Guru (1500+ Posts, 1100+ Likes)
@MightyM thanks. Even I raised the complaint. Let's see.
This will be my last SME IPO application..if not alloted this time again.
.. it just doesn't make sense to have fund lying idle in bank if all we can get is block unblock.
I would rather buy more of silver bees in bulk..and be happy with 20% percent return in couple of months on a large position size than keep wishing for allotment.
When I will have 1 cr idle in bank then I'll return here..for confirmed allotment.
15-20 lakh may not be enough to cut a deal if the subscription multiple continue to be like this.
40.1. Som mca| Link| Bookmark|
April 4, 2024 5:37:46 PM
Top Contributor (300+ Posts, 200+ Likes)
@Unknown Man - I am already started safe ETF trading, with 25L capital every month 30-50K safe return. Just imagine how much return in a year, in a bear market GOLD, Silver, REIT are also giving good return also.
@Som mca@Unknown Man what do you mean by safe ETF trading? can you please elaborate more on that. I know ETFs are Exchange traded funds, but how are they safe. Also you seems to be getting 2% monthly return which is very good for safe investment, so can you please explain it.
@Admin @ Chittorgarh.com can you please share @Som mca 's email id with me. As you can see in the comments, he does not have any issue with sharing his email id with me.
@Unknown Man You're right sir. This SME IPOs are just not for applicants with small capital. The opportunity cost is just too much for us. Haven't got a single SME allotment yet in close to 2 yrs
40.10. Som mca| Link| Bookmark|
April 5, 2024 12:31:51 PM
Top Contributor (300+ Posts, 200+ Likes)
I share your pain. I have been applying from 3 different account, but almost no luck. I think that we should collectively raise concern to sebi about allotment process as I strongly believe that it is fixed. This can only be stopped if there is any transparency. As SME have less allotments, registrars must disclose the names similar to any academic result. If some set of people are getting lucky again and again, then it is rigged. Someone, who as interacted with Sebi over mail or some other communication channel can share the ways to raise this.
In the land of IPOs, where fortunes sway, Investors clamor for shares each day. But in this merry, chaotic race, Allotment's decided by lottery's embrace.
500 times oversubscribed, they say, Chances of winning? Hard to convey! Apply for a hundred, get two in hand, Luck's fickle finger rules this land!
Now listen close, dear reader, take heed, For a whimsical decree I shall now lead: Like and comment under this verse so gay, Or a bad omen shall come your way!
No shares for you, if you don't comply, But if you do, your chances will multiply! So laugh along, with this humorous rhyme, And may your IPO dreams blossom in time! 🌟
Remember, friends, it's all in fun, But who knows? Luck might just be won! So tap that heart, and leave a line, And perhaps the IPO stars will align! ✨
In the IPO jungle, where shares are rare, Folks go wild, tearing out their hair. Oversubscribed 500 times, what a sight! Chances of winning? As slim as a kite!
Apply for tons, maybe snag a few, But don't count on it, that's nothing new. So here's the deal, a little game to play, Like and comment, or luck will stray!
No shares for you if you don't play along, But if you do, your luck might be strong! So chuckle with me, at this silly song, And who knows? You might just belong!
36.3. antarix| Link| Bookmark|
April 4, 2024 5:09:37 PM
IPO Guru (1200+ Posts, 800+ Likes)
@Unknown Man Great. I am leaving a line as decreed. 😎