There seems to be a big scam in IPO allotment of Equitas holdings limited. I understand from exchanges that the retail quota was subscribed only 2.16 times. I & my wife had applied for 1755 shares going by the subscription ratio I & my wife should have been allotted more than 800 shares whereas in actual terms I have been only allotted 135 shares & wife as zero. I have registered a complaint against Registrar / Lead managers / Company with SEBI.
AJAY no scam pls check the new allotment. As the norms changed by SEBI a couple of year ago regarding the procedure of allotment of Shares, retail investors are haven’t quite understood the latest norm and still beating around the bush as far as IPO investment is concerned. But in August 2012 SEBI has made regressive changes in the allotment procedures. As per these changes, every retail applicant will get a certain number of shares, though it is subject to the availability. It clearly means that retail investors are now assured to get minimum number of shares at a decided ratio irrespective of the lots they have applied, subject to availability. However remaining shares will be allotted proportionately.
once the issue is oversubscribed at application level it is better to put only one lot then max lot since chance of get one lot is same for both players one lot or max lot
But is "No Name" not a concern, i have been told that if the application is not done properly it is assumed as sale (confirm allotment) in grey market, in my case it is showing Sorry no allotment but "No Name"
guys i have sold one application @ Rs 1600 and it is showing the following message.
Issuer EQUITAS HOLDINGS LIMITED Appl.No 29467117 Name NO NAME Shares Applied 135 Shares Alloted 0 Sorry! You have not been alloted any shares against your application
from my understand of grey market u do not have to worry when the broker pays u 1600 he know chance of not getting the share is 10% so u do not have worry collect the 1600 for putting the application not a bad return i suppose
hi Bull, If in the status, the name appeares as "No Name" then you must have filled wrong DP or Client details in your Application, so bcoz of name mismatch, you are not alloted any share.
if you are right then share your PAN No. or Application No. to verify on Karvy whenever the status available. Right now it is not possible for 8 lot. agar aap sahi ho to PAN/Appl No. share karo varna faltu k jhuth mat felao.
Here is open offer to Guru Jee Abhinavgupta alias lying man sorry lucky man provide ur PAN and if karvy website shows u have got 1080 share from a single application i will give Rs100000/- cheque in your name.....
1413.2. SONMAYA| Link| Bookmark|
April 16, 2016 9:18:45 PM
IPO Guru (1300+ Posts, 500+ Likes)
Dear septa...& ....other. I don''t know y u people.. R giving so much importance to such nonsense...and..useless...person..called anubhav...just ignore.him & what he says and c wt happens.....otherwise...as ..I will HV to ask moderator to block...him..c wt happens to...rajiv..and staripo...they r nowhere....
SONMAYA this is ur first contribute and u r the pass judgement what u like to see and what u do not like to see.
However then the forum will be a serious place. i have no issue abt ur feeling i would not even take a second look What ABHINAVGUPTA wrote however many in this forum r newbie so info like like what he gave or said needs to hit on butt then avoid and forget people like u and me know he is lying from his teeth but many here will think that applying in the first hour of the issue u can get full allotment. BTW i take ur point in case of Star IPO and RKS even i had issue with Star IPO however never crossed my limit RKS being a army man just could take anymore and went the whole way he not only left moderator. He was a good contributor anyway
If moderator ban me for point out a person is lying then what can i say.........
Applied for 13 lots, got zero!!! Weren''t retail allocation rules supposed to allot one lot to all subscribers, when issues get oversubscribed? At this rate, applying in IPOs becomes plain pointless