Electronics Mart India Limited IPO Message Board (Page 9)

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I got mail from kfintech in 3rd party saying ipo is rejected due to technical ground

Applied 15 applications through rbl asba in syrma , 11 application in harsha and Now 15 in EMI
15 application in syrma and 11 in harsha was rejected by linkintime by saying 3rd party rejections
Now in EMI 3rd party applications applied through rbl asba is also reject reason/status by kfintech for no allotment is "Regret - Application rejected on technical grounds"

But got 4/26 (2 from axis 3rd party absa , 1 from axis 3rd party upi and 1 from bob 3rd party upi)

Same problem. payment failed in BHIM UPI

With new rules, there is no confirm allotment. Now, everything is through lottery.

@selvaa everything is in lottery system

My friend, the days of propotional allotment in HNi category is long over..... In any oversubscribed IPO its all out and out lottery now... So whether you apply for 1-13 lots in retail the ratio of allotment remains same and every successful retail allottee will get 1 lot..... Similarly when you apply for shares worth 2-10L, a separate lottery will be done for this category called small HNi and every successful applicant will get shares worth 2L through a lottery. Same is for applicants applying for shares worth more than 10L... called Big HNI applicant and all successful applicants in this category will get shares worth 2L through a separate lottery.
So in the context of this IPO, that was highly oversubscribed, it didnt matter whether you applied for 67 lots or 79 lots or for that matter 1000 lots or even more, allotment was done through a lottery and every bHNI applicant had same chance of getting shares worth 2 L ..... in this case bHNI had abt 1:13 chance to be precise...

Money can't buy allotment happiness now as before.....

Unblocked now. Check again