As usual 0/2 retail I am applying since last 1 yr. I have lost hope to get allotment after applying in 50 sme ipo. I am thinking of stopping application in sme ipo. Bad luck.
SAMCO SECURITY IS NOT ALLOWING TO CANCEL/MODIFY IPO RETAIL APPLICATION ONCE MANDATE CLEARED. SAMCO CUSTOMER ARE NOT ENTERTAINING ON THIS AND TELLING THAT Exchange not allowed to modify IPO retails application. However, Zerodha, prostock, Motilal Oswal, sharekhan allowing to modify the application. WHERE TO APPROACH?
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February 20, 2024 4:16:44 PM
IPO Guru (1800+ Posts, 1000+ Likes)
Head to SEBI SCORES and lodge a complaint. But if this feature was part of their detailed guidelines, when you signed up for the account. There isn't much one can do about a missing feature.
I got my first SME ipo[Rox Hitech] last year after starting to apply last year only. That was my 10th IPO in sme. And no luck since then. Have applied more than 25-30 after that.
So to say one may get initially, very late or regularly. It all depends on luck. If you apply to low GMP ones your luck may come fast but it is very risky.
I'm Applying in SME IPO since last 3 years, but no allotment, since all ipo with GMP are advanced book for ultra rich people or manipulator in stock market. There is nothing like 'luck' in sme ipo market.