definitely some scam is there similarly i have applied 8 lots in alkem but got nothing. Some action is required to be taken against registrar before listing.
For those who do not understand the allotment process and read point B in the below link http://www.dalalstreet.biz/forum/ipo-india/new-basis-of-allotment-rules-for-retail-individual-bidders/
For the interest of those who are very confused lemme clarify that it is not necessary that every investor will get allotment becaas per sebi guidelines minimum one lot has to be alloted to to every application. thus if the number of people applying is more than the total number of lots then few will not get shares as prorata will not become applicable
246. Earthking| Link| Bookmark|
December 20, 2015 12:14:34 PM
IPO Guru (1300+ Posts, 500+ Likes)
Applied one lot each in two application ... Got one lot in one application ... Happy listing ...
I think some foul game has been played in Dr Lal path lab...how is it possible being oversubscribed only 3.94 times approx no allotment has been done in 6 different accounts????